Gold forecast for the week of March 24, 2014 Technical Analysis …

Gold forecast for the week of March 24, 2014 Technical Analysis …

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The gold markets fell during the bulk of the week, but found a little bit of support on Friday. Quite frankly, we do not see this on the weekly chart, but there was a significant amount of support showing on Thursday and Friday. Because of this, we believe that this market is more or less going to grind sideways, as opposed to fall from here. Even if we fell from here, we think that there’s enough noise below to keep the market somewhat afloat anyway, so we are cautiously optimistic, but do not have the supportive candle for a longer-term trade yet.

 

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Gold forecast for the week of March 24, 2014 Technical Analysis …

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