Gold markets went back and forth during the day on Friday, ultimately forming a neutral candle. That being the case, it looks as if the market might be
Gold markets went back and forth during the day on Friday, ultimately forming a neutral candle. That being the case, it looks as if the market might be getting a little bit exhausted. With that being the case, we feel that a pullback is coming. However, there should be quite a bit of support below, especially near the $1130 level. If we break above the top of the range for Friday, that’s also a buying opportunity as well as the market would show a continuation of bullish pressure and should continue to go much higher. However, we are bit overbought at this point.
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.
