Gold Prices Forecast August 11, 2014, Technical Analysis – FX Empire

Gold Prices Forecast August 11, 2014, Technical Analysis – FX Empire

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The gold markets as you can see went back and forth during the day on Friday, ultimately settling nothing. The market showing a neutral candle in this area suggests to us that a pullback might be coming, but quite frankly we think the pullback will only attract more buying. We think ultimately this market goes to the $1340 level in the near term, and perhaps even higher after that. Supportive candles below will be bought as we think they will be buying opportunities for the short term. Selling it really isn’t something that we are thinking about right now.

 

Gold Prices Forecast August 11, 2014, Technical Analysis

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Gold Prices Forecast August 11, 2014, Technical Analysis – FX Empire

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