Gold Futures forecast for the week of November 12, 2012, Technical Analysis

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The gold markets rose during the week as the fears of a fiscal cliff in the US continue to rock the markets. The candle from the week looks very bullish, and as a result we are bullish of the markets yet again. This is a market that we hold a core position in the GLD ETF and physical metal as well. The market isn’t one that we can short as the overall tone is so firm over the long run, and we see no reason to short under these circumstances as the gold markets have so far to go in our opinion.

 

Gold Futures forecast for the week of November 12, 2012, Technical Analysis

Gold Futures forecast for the week of November 12, 2012, Technical Analysis

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About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

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