Gold markets initially fell during the course of the week but turned back around to form a relatively neutral looking candle. It appears that we are
Gold markets initially fell during the course of the week but turned back around to form a relatively neutral looking candle. It appears that we are trying to find some type of support in this general vicinity, but quite frankly the markets are very negative and as a result we look at any rally at this point in time as a potential selling opportunity. On top of that, the US dollar appears to be strengthening overall, and that of course is going to be negative for gold in general.
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.
