The gold markets have fallen a bit lately, but the overall trend still looks bullish. With the end of the year approaching, the lack of volume will become more and more pronounced as the world gets less and less involved in the markets traditionally. The trend line that we have been crawling up since September is still intact, and as long as this is true, we think dips are to be bought. Coinciding with this is the $1,600 – $1,700 range, which we see as massive support. We are buyers in this market as long as that area holds up as well. We prefer to buy the dips going forward.
Gold Forecast for the Week of Dec. 12th, 2011, Technical Analysis
Originally posted here
