Gold Prices November 11, 2015, Technical Analysis

Gold markets went back and forth during the day on Tuesday, after initially gapping higher. Ultimately, we ended up forming a very neutral candle so we could get a bit of a bounce from this area. This is an area that has featured quite a bit of noise previously, so a bounce from here would not be a huge surprise. Ultimately, we think that rallies should be selling opportunities on signs of exhaustion, and we will treat them as such. On the other hand, a break down below the $1080 level would have us selling again.