Gold markets fell during the course of the week, but still sits above a significant support barrier as far as I can see. I believe that the $1300 level
Gold markets fell during the course of the week, but still sits above a significant support barrier as far as I can see. I believe that the $1300 level should bring in more buyers, so any type of supportive candle is reason enough to go long in my estimation. It doesn’t mean that this is going to be an easy trade, but longer-term it’s very likely that the market continues to go higher as we have assumed so much in the way of bullish pressure as of late in this market.
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.
