Gold Prices Forecast March 7, 2014, Technical Analysis » Fx Empire …

Gold Prices Forecast March 7, 2014, Technical Analysis » Fx Empire …

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The gold markets rose during the session on Thursday, gaining roughly $10. The market continues to test the $1350 level, but we believe that the resistance goes all the way to the $1360 level. With that, we would suggest that breaking above that level is enough to send this market much higher, probably $1400. Any pullback at this point time should attract buyers as it would be perceived as a value play, but with the nonfarm payroll numbers coming out later today, being involved in this market ahead of time is probably reckless.

 

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Gold Prices Forecast March 7, 2014, Technical Analysis » Fx Empire …

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