Gold markets rallied during the week, testing the $1250 level. I believe that this market will continue to go higher, but there is a significant amount of
Gold markets rallied during the week, testing the $1250 level. I believe that this market will continue to go higher, but there is a significant amount of resistance at the $1260 handle. I think pullbacks will be backed up by support, so therefore supportive bounces should be buying opportunities. I believe that the $1200 level underneath is massively supportive, and that this market should continue to reach much higher levels over the longer term but of course you will have to deal with quite a bit of volatility as per usual.
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.
