The gold markets rebounded slightly during the Tuesday session, triggering a buy signal as it broke the top of the Monday range. The market looks set to bounce at this point, and the trend is certainly up – no matter how hard the market fell recently. The only direction to trade gold is from the buy side as even though there have been wicked pullbacks, over time this market continues to go up. We still believe in buying on dips until we can close below $1,600.
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