Gold markets got a little bit of a bounce during the Friday session off the 1320 level, and as a result looks like we’re going to continue the overall
Gold markets got a little bit of a bounce during the Friday session off the 1320 level, and as a result looks like we’re going to continue the overall consolidation area, meaning that we should go higher from here. With this being the case, I’m willing to buy gold and think that we should eventually break out to the upside as soon as we get volumes returning from the holiday season. At this point in time, I consider pullbacks as a value that can be taken advantage of. Because of this, I have no interest in selling.
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.
