Gold markets initially fell during the course of the week but bounced a little bit to form something akin to a hammer. With that being the case, the
Gold markets initially fell during the course of the week but bounced a little bit to form something akin to a hammer. With that being the case, the market looks as if it is trying to find buyers below in order to start going higher. Because of this, the market will more than likely see buying pressure from time to time, and it does look like gold is going to continue to try and rally, perhaps being able to finally break above the $1300 level. Selling isn’t much of a thought.
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.
