Gold markets had a very volatile session during the day on Tuesday as we await the US Presidential election results. Because of this, it’s difficult to
Gold markets had a very volatile session during the day on Tuesday as we await the US Presidential election results. Because of this, it’s difficult to get involved at this point and I believe that you are probably best served on the sidelines. Ultimately, this is a market that should continue to find buyers just below, and with that I don’t feel that it’s easy to get involved in this market to the downside. If we can see some type of upward momentum, I might be able to go long at that point, but at this moment it’s very likely that we should stay on the sideline.
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.
