The gold markets initially fell on Thursday, but found enough support at the $1300 level to turn around and explode to the upside. That being the case,
The gold markets initially fell on Thursday, but found enough support at the $1300 level to turn around and explode to the upside. That being the case, the market looks as if it is ready to go higher, and if we get dovish jobs numbers coming out of the United States that should only exacerbate what we are seeing. Ultimately, I think that the market should continue to be a “buy on the dips” type of situation, as we continue to see gold break out of a longer-term consolidation area that had been rather obvious.
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.
