Gold had a confusing day today as it tried to rise, tried to fall, and then eventually settled at just slightly higher. It did however prove the $1,480 area as support, and it appears that a break of $1,500 is very likely. Selling isn’t possible, and buying on pullbacks is the only course of action available at the moment in this market.
Originally posted here
Read more about commodities technical analysis, commodities fundamental analysis and commodities news on CommoditiesMansion.com
About CommoditiesMansion.com:
www.CommoditiesMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.
The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.
