Gold Technical Analysis for June 8, 2011

By CommoditiesMansion.com

 

The gold markets had another choppy day on Tuesday, and continue to hover around the $1,545 area as the markets consolidate over the last week. The market should be considered bullish still, but it looks like we are currently resting before we make our next move. As long as we are above the obvious trend line, we only like buying gold and never selling it. Buying on dips has worked quite well recently.

Originally posted here

Read more about commodities technical analysis, commodities fundamental analysis and commodities news on CommoditiesMansion.com

About CommoditiesMansion.com:

www.CommoditiesMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.

The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!