Gold Forecast September 10, 2013, Technical Analysis

Gold markets did very little during the session on Monday, as we continue to hang around just below the $1400 level. This being the case, the market seems very calm at the moment and we believe that it is essentially waiting to find out what the Federal Reserve will do about quantitative easing or whether or not to taper. That being the case, we feel that this market will continue to be more of a short-term traders type of market, and will be very difficult to buy or sell for any real length of time.