The gold market fell slightly during the day on Friday, as we continue to reach down towards the $1150 level below. I think we go much lower, and any time could find bounces they give us an opportunity to take advantage of “value” in the US dollar. I don’t have any interest in buying gold, we started to we break clearly above the $1200 level, and that certainly isn’t going to happen anytime soon. Ultimately, this is a “sell only” market going forward, and I think could be one of those markets that gives you opportunities again and again.
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Gold Forecast December 12, 2016, Technical Analysis
The gold market fell slightly during the day on Friday, as we continue to reach down towards the $1150 level below. I think we go much lower, and any time
About the Author
Christopher LewisSenior Analyst
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.
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