Gold markets went back and forth during the day on Friday, ultimately forming a neutral candle. That being the case, it looks as if the market might be
Gold markets went back and forth during the day on Friday, ultimately forming a neutral candle. That being the case, it looks as if the market might be getting a little bit exhausted. With that being the case, we feel that a pullback is coming. However, there should be quite a bit of support below, especially near the $1130 level. If we break above the top of the range for Friday, that’s also a buying opportunity as well as the market would show a continuation of bullish pressure and should continue to go much higher. However, we are bit overbought at this point.
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.
