Gold markets went sideways initially during the session on Tuesday, but then found enough support to turn around and show signs of strength. By doing so,
Gold markets went sideways initially during the session on Tuesday, but then found enough support to turn around and show signs of strength. By doing so, it looks as if the market is trying to break out to the upside. A clearance of the $1350 level should send this market looking towards the $1350 level. Longer-term, I believe that the market may go looking towards the $1400 level, but as you to take some time to get there. I believe pullbacks continue to offer value as the US dollar is getting sold off.
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.