By CommoditiesMansion.com
Gold rallied today, but seemed to run out of steam towards the end of the day. Because of this, the market formed a “shooting star” a bearish and exhaustive bar. The gold market is still a buy only market at this time, but could show very short-term weakness as well will try to consolidate in the $1,410 area. Any break above today’s highs would be a trigger for more buying. A break below the $1,380 area is needed to comfortably short this commodity.
