The gold markets rallied during the course of the week, breaking above the $1100 level, as it appears that we still have quite a bit of bullish pressure
The gold markets rallied during the course of the week, breaking above the $1100 level, as it appears that we still have quite a bit of bullish pressure in this market. We believe that this market on a break above the top the candle for the week should send gold back towards the $1160 level, possibly even higher. We have no interest whatsoever in selling this market at the moment, so we are either going to buy a break out, or simply sit on the sidelines until we get an opportunity to go long.
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.
