Gold markets went to the upside during the day on Thursday, breaking above the $1340 level. We continue to see bullish pressure, and it looks likely that
Gold markets went to the upside during the day on Thursday, breaking above the $1340 level. We continue to see bullish pressure, and it looks likely that were going to go to the $1350 level after that. Ultimately, I believe that pullbacks offer value in a market that is extraordinarily strong, especially considering that the US dollar is on its back foot. I think that we continue to go much higher, and a break above the $1350 level should have this market looking for the $1400 level over the longer term. I don’t have any interest in selling this market, and I believe that the rest of the world is very bullish as well.
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.
