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Gold Market Analysis

Gold markets gapped higher at the open on Monday, and then slammed directly into the $1220 level. We ask to get above there, but pull back slightly. We believe that the market is probably going to pull back and find support from the gap, and then ultimately break out above the $1220 handle. Once it does, we believe the gold now has an opportunity to go as high as $1300 given enough time. Pullbacks at this point time should continue to be buying opportunities as the gold markets certainly look bullish all of a sudden.

Gold Chart

gold chart technic

source : fxempire

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