Gold markets did very little during the course of the day on Thursday, as we continue to hang about the $1070 level. With this, the market looks as if it
Gold markets did very little during the course of the day on Thursday, as we continue to hang about the $1070 level. With this, the market looks as if it is going to continue to grind in this general vicinity for the time being. With this being the case we are on the sidelines and simply do not have any interest in trading this market with perhaps the lone exception of selling short-term rallies that show signs of exhaustion, especially near the $1100 level. On the other hand though, if we break down to a fresh, new low, we would sell their as well.
Gold Forecast November 27, 2015, 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.
