Gold markets initially rallied on Friday, but turned around to form a bit of a negative looking candle. It looks as if the market is going to continue to
Gold markets initially rallied on Friday, but turned around to form a bit of a negative looking candle. It looks as if the market is going to continue to go lower, so at this point any signs of exhaustion should be sold as far as I can see. I think that we can reach down to the $1100 level, and then perhaps even lower than that. I have no interest in buying the gold market at this point, as the US dollar continues to be so strong. With this, I believe gold continues to struggle.
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.
