Gold Prices November 7, 2013, Technical Analysis » Fx Empire …

Gold Prices November 7, 2013, Technical Analysis » Fx Empire …

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Gold markets rose during the session on Wednesday, gaining 0.67% by the time the pits closed for the day. This market still remains somewhat stagnant, and as a result we aren’t necessarily looking to buy. However, you can see that there is a significant amount of support down at the $1300 level, and as a result selling isn’t going to be able to be done either. Because of this, we are on the sidelines but we do recognize that the market could break to the upside and perhaps head to the $1360 level over the longer term. As for selling is concerned, even a break below the $1300 level, we do not see the possibility.

 

Gold Prices November 7, 2013, Technical Analysis

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Gold Prices November 7, 2013, Technical Analysis » Fx Empire …

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