The gold markets had a very strong week as we broke above the $1150 level. A pullback from here would more than likely offer a momentum selling
The gold markets had a very strong week as we broke above the $1150 level. A pullback from here would more than likely offer a momentum selling opportunity for the markets to go higher. It looks as if we continue to go above the top of the range for the week, we would also continue to go even higher, perhaps reaching towards the $1200 level. Ultimately, we don’t have any interest in selling from the longer-term, because it looks as if the gold market is trying to turn things around.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
