The gold markets fell during the course of the week, testing the $1300 level. With this being the case, the market looks as if it is going to continue to
The gold markets fell during the course of the week, testing the $1300 level. With this being the case, the market looks as if it is going to continue to try to drop from here, but I believe that there is a certain amount of support near the $1280 level, so any type of bounce from there would more than likely be an opportunity to go long again. I am bullish of gold for longer-term, but I recognize that volatility is going to be the mainstay of this market in the near term.
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.
