Gold Prices April 7, 2014, Technical Analysis

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The gold markets rose during the session on Friday, breaking above the $1300 level. Because of this, we feel the gold is about to start writing higher, but keep in mind that the key word in that sentence is grind. We expect to see a bit of resistance above at the $1320 level, but fully anticipate this market going back to the highs near the $1400 level, so we are buyers at this point time as the $1280 level appears to have acted as support in a market that has been bullish of the last several months anyway.

Gold Prices April 7, 2014, Technical Analysis

Gold Prices April 7, 2014, 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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