Gold markets fell rather significantly during the session on Friday as we continue to grind away to the downside. The US dollar continues to strengthen
Gold markets fell rather significantly during the session on Friday as we continue to grind away to the downside. The US dollar continues to strengthen overall, so it’s not a surprise of precious metals would struggle. Gold markets look like they are ready to test the $1050 level, and if we can get below there the market should then reach towards the $1000 level. Any rally at this point in time should be a selling opportunity as the US dollar is simply putting far too much pressure on this market right now, and looks ready to continue.
Gold Forecast November 30, 2015, Technical Analysis
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.
