Gold markets got a little bit of a bounce during the Friday session off the 1320 level, and as a result looks like we’re going to continue the overall
Gold markets got a little bit of a bounce during the Friday session off the 1320 level, and as a result looks like we’re going to continue the overall consolidation area, meaning that we should go higher from here. With this being the case, I’m willing to buy gold and think that we should eventually break out to the upside as soon as we get volumes returning from the holiday season. At this point in time, I consider pullbacks as a value that can be taken advantage of. Because of this, I have no interest in selling.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
