By CommoditiesMansion.com
The gold markets were strong today, and have in fact been approaching the major resistance level that knocked it back down a couple weeks back. The $1,450 level is going to have to be cleared before another bullish run in this market can occur, as it has both been resistance, and it is also a psychologically important number.
The uptrend line remains in place, and this commodity should only be bought until that changes. A pullback here is certainly possible, but should be thought of as a “buy on the dips” sign in the gold markets.
