By FXEmpire.com
The gold markets had a slightly bullish session on Thursday as buyers stepped into the fray, but failed to hold much of the gains by the end of the session. The market seems absolutely dead at this moment in time, and this makes sense as it is the middle of the vacation season meaning that the volumes will be fairly low. We still see the overall market is being contained within the $1640 level, and the $1540 level. If we can break out of this range, we would be willing to go with the market, especially if it’s higher. As for the downside, we also need to see the $1500 level broken on a daily close as well, which of course would signify a massive shift in momentum.
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Originally posted here
