Gold Prices August 28, 2015, Technical Analysis

Gold markets as you can see fell a bit during the course of the session on Thursday, but found some support at the $1120 level. With this, the market looks as if it could bounce from here, and we would be very interested in buying above the $1130 level for short-term opportunity. On the other hand, if we break down below the $1110 level, we feel that the gold markets would start selling off at that point in time. We have no interest whatsoever in buying or selling at this point in time until we get one of those two moves.