Gold markets printed another negative bar today, however like the rest – it looks better than it sounds. The wick at the bottom of this bar is of fair length, making it a pseudo-hammer. Because of this, the $1,410 area looks like it wants to be quite supportive of the precious metal. Any move upward should see us trying to reach $1,450 soon. A break below the $1,410 level still isn’t a sell signal, as the $1,400 and $1,380 levels are potential support areas as well.
Originally posted here
