Gold markets rallied a bit during the day on Wednesday, as we continue to see a grinding of the market back and forth. I think that the Janet Yellen
Gold markets rallied a bit during the day on Wednesday, as we continue to see a grinding of the market back and forth. I think that the Janet Yellen speech during the day on Friday should be the focus of this market, although political problems could be a main driver of this market as well. Ultimately, I think that one should pay attention to the US dollar, as it will be the main driver of where we go next. I recognize that the $1300 level is massive resistance. As things stand, I’m a bit more bearish than bullish, but recognize that we need to get the Friday before putting any real money to work.
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.
