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Gold Price Forecast July 3, 2017, Technical Analysis

By: 
Christopher Lewis
Gold daily chart, July 03, 2017

Gold markets fell initially during the session on Friday, testing the $1240 level below. That is an area that is supportive, and as a result we bounce

Gold markets fell initially during the session on Friday, testing the $1240 level below. That is an area that is supportive, and as a result we bounce from there and it looks like we are trying to break out to the upside. If we can continue to go higher, I think that the buyers will step in and pick this market up even further, a break above the $1250 level should send this market much higher. I have no interest and shorting this market, and gold should continue to be a positive market.

Gold Prices Video 03.7.17

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About the Author

Christopher LewisSenior Analyst

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.

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