The gold markets fell during the course of the week, testing the $1300 level. With this being the case, the market looks as if it is going to continue to
The gold markets fell during the course of the week, testing the $1300 level. With this being the case, the market looks as if it is going to continue to try to drop from here, but I believe that there is a certain amount of support near the $1280 level, so any type of bounce from there would more than likely be an opportunity to go long again. I am bullish of gold for longer-term, but I recognize that volatility is going to be the mainstay of this market in the near term.
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.
