Gold markets fell on Thursday as the Dollar got a bid against most other currencies. The “risk off” trade came back into vogue, but it should be noted that gold didn’t exactly sell off much. With this in mind, it looks like there is still underlying strength and buying interest in this market. The $1,500 mark is our floor, and the $1,550 level was where we saw real buyers coming back in. We continue to like buying dips in this market as a result.
Gold Forecast January 6th, 2012, Technical Analysis
Originally posted here
