The gold markets had a positive week for the first time in what seems like ages as we bounced back above the $1200 level. That being the case, the market
The gold markets had a positive week for the first time in what seems like ages as we bounced back above the $1200 level. That being the case, the market looks as if wants to continue going higher a bit, but we do have to worry about the $1240 level. It’s not until we get above there that we feel that this market has a chance to truly go higher. However, if we break down to a fresh, new low, we would be selling this market for the longer term as we think the market would then go down to the $1000 level.
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.
