Gold markets went back and forth during the day on Thursday, bouncing around the $1320 level. I do believe that there is a massive amount of support just
Gold markets went back and forth during the day on Thursday, bouncing around the $1320 level. I do believe that there is a massive amount of support just below, so as a result I think that any pullback from here continues to find buyers given enough time. I think that the $1300 level below continues to offer quite a bit of support and is essentially the “floor” in the market. Ultimately, I think any type of supportive candle is reason enough to go long, just as a break above the top of the range for the session on Thursday would be a buying opportunity.
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.
