Gold Forecast Dec. 12th, 2011, Technical Analysis

Gold markets sat fairly still during the Friday session as the EU summit came to a close with a mild compromise. The trend is still up, and we have been climbing a trend line for several months now that looks like it is still holding. With these two factors involved, we are buyers and not sellers in this market. On a dip, we are willing to buy as long as we stay above $1,600. Selling simply isn’t an option until we get below that same mark.

Gold Forecast Dec. 12th, 2011, Technical Analysis Gold Forecast Dec. 12th, 2011, Technical Analysis

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