Gold continues to suggest strength as we test the upper reaches of the present range again today. The $1,440 mark stopped the market, which of course is part of the overhead resistance represented by the $1,450 area. It is going to take a break of that $1,450 area to get fresh buying in this market. Going short is almost impossible at this moment, although a pullback at this point isn’t out of the realm of possibility.
Originally posted here
