By FXEmpire.com
The gold markets had a very quiet Friday as the participants will have undoubtedly wanted to take a rest after an extraordinarily weak Thursday session. The recent fall has been concerning for us, as we are on the whole very bullish of gold. We still have a bit of a floor in this market at $1500, but it does look increasingly likely that we could possibly see an attempt to test that level. However, until that level is breached we are not willing to sell this market. We are looking to buy supportive candles, but don’t see will any at the moment. A dip down to 1540 could provide the signal. Until then we are sitting on our hands.
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Originally posted here
