Gold is getting set...

The gold markets fell during the beginning of the Wednesday session, but as you can see bounced back above the $1600 level, to only reinforce the feeling of support at this level. The candle that was printed for the session was a hammer, which of course is bullish in and of itself. If we can get above the $1620 area, it looks like we could breakout to the upside and pick up $40 relatively quick. Is it $1660 that we start running into significant resistance, but we think ultimately the gold markets will go higher. 

For those on the Gold service expect a Text shortly....confirming exact Entry, Stops and targets.