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.
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.
