The gold market continues to see a lot of upward pressure overall, but it also looks a bit tired at this moment, and therefore I will be looking for a pullback to take advantage of "cheap gold." However, I wont be shorting under any circumstances as things stand.

The gold market rallied slightly during the early hours on Tuesday as we continue to see a lot of upward momentum, but really at this point, I think we are a bit overdone. A short-term pullback would be very useful, and it could allow traders to jump in and pick up cheap gold as it were.

This is a market that is being supported by multiple different things at the same time, not the least of which would be geopolitics as the situation between Russia and Ukraine is doing everything it can to expand. Furthermore, we also have a conflict in the Middle East and then of course we have central banks around the world cutting interest rates quite drastically.