By FXEmpire.com
The gold markets had a fairly strong day on Monday. The day opened with a slight gap higher, but we are still in the lower part of the recent action. The market has been sold off over the last several weeks, and we are most comfortable buying this market once it has stabilized. So far, we look as if we are going to get that just above the $1,600 level. However, the market has been so whippy lately that we are willing to wait another session or two in order to find the buy signal we are looking for.
Gold Forecast April 10, 2012, Technical Analysis
Originally posted here
