The gold markets rose slightly during the Tuesday session, showing that we may be starting to run into a little bit of support around the area. This makes sense as the $1,500 mark is certainly a large round number, and will be psychologically important to many traders. With the Monday candle looking like a well-placed hammer, we like buying on a break of the Tuesday high's, but only for a short-term trade. Selling isn't possible until we get below $1,475.
Originally posted here
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