By FXEmpire.com
Gold markets fell for much of the Monday session as the “risk off” play came back. However, by the end of trading for the day, the market bounced and we formed a hammer. This is a very supportive looking candle, and the fact that we have been rallying lately suggest that we could see follow through. The pair finds support at the $1,640 level, and this candle tells us that the market wants to see $1,700 soon. With this in mind, we are buyers of gold again, and never selling it as the momentum looks to be picking up at this point.
Click here for further Gold Forecast.
Originally posted here
