Gold markets rose initially during the session on Thursday, but turned back around to find the 1170 level a bit too resistive. With that being the case, the market ended up forming a shooting star and as a result we think that the market will continue to bounce around between the 1150 level on the bottom, and the 1170 level on the top. Ultimately, this is a market that will continue to be very volatile, so we will stick to short-term trades in this particular range as the market still focus on noise out of Greece.

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