Gold markets fell slightly during the course the day on Friday, but did find a bit of support below. By doing so, we turned back around to form a bit of a
Gold markets fell slightly during the course the day on Friday, but did find a bit of support below. By doing so, we turned back around to form a bit of a hammer. Ultimately, this is a market that should continue much higher given enough time and even if we break down below this candle, we still should see plenty of buying pressure below. The $1200 level should now be the “floor” of this market at this point in time. We have absolutely no interest in selling, and no matter what happens we are bullish at this point.
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.
