By FXEmpire.com
The gold markets fell again on Wednesday as the “risk off” trade took over around the world. The fall was strong, but is still contained within the recent support level of $1,640 and the resistance level of $1,700. The end of the session saw a little bit of a bounce, but not enough to get us long at this point. The area below at $1,640 level should still offer support, so we aren’t willing to sell at this point. In fact, we are still waiting to see supportive action from this latest pullback.
Gold Forecast March 29, 2012, Technical Analysis
Originally posted here
