Gold markets found quite a bit of trouble at the $1160 level, and then fell significantly during the course of the week. Because of this, we feel that the
Gold markets found quite a bit of trouble at the $1160 level, and then fell significantly during the course of the week. Because of this, we feel that the gold markets are going to continue to struggle every time we rally, as there is a significant cluster just above. Ultimately, this market looks as if it is going to continue to be volatile overall, and with that we are hesitant to place any longer-term trade as we think the volatility should continue going forward. With that being said, we look for short-term opportunities.
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.
