The gold markets initially tried to rally during the course of the week, but as you can see turned right back around to form a shooting star just as we
The gold markets initially tried to rally during the course of the week, but as you can see turned right back around to form a shooting star just as we did the previous week. With this being the case, it’s likely that we could see a bit of a pullback but I think that the support just below will continue to push this market higher. With this being the case, a supportive candle is reason enough to go long, just as a break above the 1360 level would be.
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.
