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Gold markets fell significantly during the week, but found enough support at the uptrend line to turn things around and break above the $1240 level. This is a market that continues to be very bullish, and if we can break above the top of the range for the week, I feel that the market then goes looking for the $1275 level above. A break above there then sends go looking for the longer-term target that I have, $1300. I believe pullbacks continue to offer value, as the market has been very bullish.

Gold Technical Analysis Video 03.7.17

This article was originally posted on FX Empire

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