By FXEmpire.com
The gold markets fell during the session on Tuesday, completely wiping out the gains from Monday. This does look a bit like a grind waiting to happen, and as such we think that the gold markets may be a place to avoid for the short term. Is very likely that we will see a continuation of the grind between $1540 and the $1640 levels. Because of this, we are only willing to take alter short term trades at the outer periphery of those levels. On supportive candles close to the $1540 level, we are willing to buy this market for a quick $10 pop or so. Otherwise, we simply have to wait until the $1650 level is broken to the upside.
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Originally posted here
