By FXEmpire.com
The gold markets had a choppy session on Thursday as the market continues to weigh the idea of whether or not there will be easing out of the United States. The loose monetary policy that the Federal Reserve has been involved in simply adds to the buying interest in this market as it weakens the Dollar. However, with the recent run back into the Dollar because of European contagion fears, this has weighed upon the gold market. We see this hammer as very important, and would buy a break of the top. Of course, if it gives way – that would have us selling for a short-term trade down to about the $1,550 level.
Originally posted here
