By FXEmpire.com
The gold markets had a very quiet session on Wednesday as the market continues to hover above the $1,640 support level. The market has fallen quite far, and those of us that believe in the long term strength of this market are glad to see this recent sideways action. The longer this market sits quietly, the better the market looks for buyers. We are still waiting to see a bullish candle from this level in which to buy. We are not selling at this point as the market is still in a major uptrend over the last eleven years.
Gold Forecast March 22, 2012, Technical Analysis
Originally posted here
