Gold Prices September 3, 2012, Technical

By FX Empire Analyst - Christopher Lewis
Font Size
Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The gold markets took off after the federal reserve Chairman gave his speech in Wyoming on Friday. The market slammed up towards the $1700 level, and it should be noted that it closed out at the very highs for the session. This suggests to us that we are simply going to continue to grind much higher.

If there ever was a market that had all of the fundamentals and technical indications lining up in the same direction, it is the gold market currently. We cannot stress enough how selling this market is complete and total folly, and would only buy its on dips that show support. Also, we would consider buying it on a daily close above the $1700 level.

Gold Prices September 3, 2012, Technical

Gold Prices September 3, 2012, Technical

Want to read more articles like this one?

Get the latest fundamental analysis, technical analyses and the most up-to-date news catered to your interests, everyday.

* Please enter a valid email

Activation link was sent

An activation link has been sent to your E-mail.
You will start getting emails only after activating your account.

Find a Broker
Continue to FX Empire Network