The gold markets went back and forth during the course of the day on Monday, forming a neutral candle. That being the case, looks as if the market is
The gold markets went back and forth during the course of the day on Monday, forming a neutral candle. That being the case, looks as if the market is still trying to build up enough momentum to break out. I do believe that eventually it will, but we need to clear the top of the range from last week, which is extensively the $1275 level in order to start going long. At that point in time, I believe that the markets will reach towards the $1300 level after that. With this being the case, I am patiently bullish.
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.
