The gold markets rallied during the course of the week, breaking above the $1100 level, as it appears that we still have quite a bit of bullish pressure
The gold markets rallied during the course of the week, breaking above the $1100 level, as it appears that we still have quite a bit of bullish pressure in this market. We believe that this market on a break above the top the candle for the week should send gold back towards the $1160 level, possibly even higher. We have no interest whatsoever in selling this market at the moment, so we are either going to buy a break out, or simply sit on the sidelines until we get an opportunity to go long.
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.
