Gold Prices August 12, 2014, Technical Analysis » Fx Empire Network
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The gold markets went back and forth during the session on Monday, hugging the $1305 handle. Essentially, we believe that the market will go higher, and that supportive candles below should be buying opportunities. The shooting star that was formed on Friday does suggest that the market is going to do that pullback, so while we’re not getting into the market at the moment, we do think that an opportunity shows up soon. The $1350 level above is the longer-term target, and we believe that gold will hit that level sometime in the near future.
Gold Prices August 12, 2014, Technical Analysis
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Gold Prices August 12, 2014, Technical Analysis » Fx Empire Network
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