Gold markets were choppy over the course of the session on Thursday, as we continue to see resistance just above. I think that the market breaking above
Gold markets were choppy over the course of the session on Thursday, as we continue to see resistance just above. I think that the market breaking above the 1003 and $35 level will be very positive, and perhaps trying to send the market to fill the gap above that formed at the beginning of the week. Alternately, the market could go down to the $1300 level, and a move below the $1315 level should send the market looking for that. Ultimately, this is a very choppy market, but it looks like the sellers have taken control.
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.
