Gold markets fell slightly during the Friday session as the Dollar continues to rally. The $1,650 level continues to offer resistance, and it looks like we may be due for a bit of a pullback in the near term. The market could consolidate between the $1,650 level on the upside, to the $1,550 level below. The overall health of the gold market is strong over the last decade, so we are only buying at this time. We like pullbacks, as they are going to offer this market at cheaper prices. We will continue to buy dips until we get a daily close sub-$1,500.
Gold Forecast January 9th, 2012, Technical Analysis
Originally posted here
