Gold markets fell a bit on Thursday as the markets continue to lose volume. The shooting star from Wednesday did in fact get triggered to the downside,
Gold markets fell a bit on Thursday as the markets continue to lose volume. The shooting star from Wednesday did in fact get triggered to the downside, but the market just didn’t have enough people involved in order to make a large move. The downside risk still remains though, and the area we are currently in looks very resistive. With this in mind, if we had to take a position – it would be a sell. However, with Friday being the last day before the holidays, it is likely we won’t get involved.
Gold Forecast December 23, 2011, Technical Analysis
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.
