The Yellow Metal
Gold markets fell this past week, reaching towards the $1200 level. This is an area that has been massively supportive in the past so the fact that we bounce slightly off of the level on Friday, makes a lot of sense. However, we can break down below that level we should continue to go much lower. Because of this, and the fact that we have seen so much bearish pressure, it’s likely that exhaustion will invite more selling. Because of this, I have no interest in buying at the moment.