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Posted January 19, 2013 3:52 (GMT) | By FX Empire Analyst - Christopher Lewis | Print | Font Size | Add a comment
The gold markets fell slightly during the session on Friday as we failed to crack above the $1700 level. However, we do believe the bullish momentum is with the gold buyers, and as a result we think that the $1700 level will eventually be broken. With this being said, a pullback that we see should be thought of as a buying opportunity as a long-term bullish market in the gold markets should continue. Obviously, a breakout above the $1700 level is a very bullish sign as well and we would start buying on a daily close if that happens.
Gold Prices Forecast January 21, 2013, Technical AnalysisThis post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
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