By FXEmpire.com
The gold markets had a fairly quiet day on Monday, which is something that the bulls will want to see after the recent selloff. The market seems to be consolidating just above the $1,650 level, and this looks promising to us. Because of this, we are waiting for that sharp move up in order to get long of this market. Until then, we simply are going to wait as the overall trend is still bullish. In fact, we think the uptrend is still intact until we get a daily close below the $1,500 level.
Gold Forecast March 20, 2012, Technical Analysis
Originally posted here
