By FX Empire.com
The gold markets fell for the week as the Dollar continued to gain against most things in the markets. The gold markets do continue to have fundamental reasons to rise, and as such we are waiting for longer-term signals in which to go long. The gold market has been bullish for a very long time, 11 years in fact, and as such we think this market will continue higher. We are waiting to see if the $1,650 or the $1,550 holds and shows us a strong candle such as a hammer form which to buy. If not, a break of the previous week’s highs will serve as our buy signal.
Gold Forecast for the Week of March 19, 2012, Technical Analysis
Originally posted here
