Gold Forecast Nov. 15th, 2011, Technical Analysis

Gold markets fell slightly during the Monday session as traders continue to struggle with the issues coming out of Europe. At first glance, it looked like the week would get off with a “risk on” attitude as Asian markets rose. But once the Europeans came online, they started to sell off a lot of risk assets. As a result, gold lost a bit of its luster for the session. None the less, the trend is definitely up, and we still thinking buying dips is the way to go in this market.  $1,750 still looks supportive in our eyes, as does $1,700.

Gold Forecast Nov. 15th, 2011, Technical Analysis

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