The gold markets initially tried to rally during the course of the week, but as you can see turned right back around to form a shooting star just as we
The gold markets initially tried to rally during the course of the week, but as you can see turned right back around to form a shooting star just as we did the previous week. With this being the case, it’s likely that we could see a bit of a pullback but I think that the support just below will continue to push this market higher. With this being the case, a supportive candle is reason enough to go long, just as a break above the 1360 level would be.
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.
