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.
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.
