By FXEmpire.com
The gold markets dropped on Tuesday as the market slammed into the $1,700 resistance level and failed. The area was one that we suggested yesterday that could be reasonably strong, and a pullback isn’t out of the norm for an area like this. This should only be a buying opportunity at this point, and we are presently looking to see supportive candle from which to buy. The $1,675 area could come into play as the site of the latest minor breakout. We simply will wait for that supportive candle, and continue to buy as the trend is certainly up. Selling isn’t possible currently.
Gold Forecast March 28, 2012, Technical Analysis
Originally posted here
