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The gold markets bounced around during the course of the day on Monday, but eventually had to settle on a slightly negative candle. We believe that this market will probably drop down to the $1050 level at one point or another, but prefer to sell short-term rallies as that seems to be the easiest way to deal with this type of volatility. We have no real interest in buying at this point, as it seems that the sellers jump in every time the markets trying to get a little bit of strength. In fact, it’s not until we clear the $1100 level that we even consider that.

Gold Chart

gold14-645x345

Source: FXEMPIRE

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Max Says

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My signal for today: buy@13.737 target 13.826 and sl on the 13.657 level

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jack Says

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great,your TP on the gold touched !!! do you have any signal for now

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alex Says

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gold is facing good buying all the way up to 13.821 from here

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spigel Says

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there is not any reversal candlestick pattern on the daily chart and weekly as well. I cant think that buy is safe now!

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AZAR Says

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Gold remained trading within a tight range ahead of the Fed rate decision this afternoon.The commodity needs to hold above 1062.73 level, being the intraday Pivot Point if the price action is to continue the upward move.



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