By FX Empire.com
The gold markets rose again as the “risk on” trade came back into vogue on Monday. The hints of a possible solution to the EU and the need for a “super bond” got the markets rallying in Asian trading. The gold market is being served well by not only the uncertainty, but also the fact that the EU is looking more and more like it will start to print money next year. The recent support area offered a lift to the market, and it looks like $1,700 will offer a floor for the immediate future. The market looks like it will consolidate between $1,700 and $1,800. With this in mind, we bought today, and are aiming for $1,800.
Gold Forecast Nov. 29th, 2011, Technical Analysis
Originally posted here
