By FXEmpire.com
The gold markets had a fairly quiet week as the market currently flirts with a long-term trend line. The trend line has been around since 2009, and a break of it would signal a significant move. The $1,600 level is starting to look more and more like a potential front line in the battle. The $1,640 level is holding as support so far, and because of this so far we are still bullish. However, we need some momentum to pick up this market. As long as we are above the uptrend line, we have to be either long or flat. We cannot sell unless we get a serious break below the line. We are buying dips at this point, and long green candles.
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Originally posted here
