Gold markets fell during the session on Thursday, breaking below the $1300 level. However, there really wasn’t much in the way of action in order to do
Gold markets fell during the session on Thursday, breaking below the $1300 level. However, there really wasn’t much in the way of action in order to do much analysis, as we think this market continues to simply meander around this general vicinity. With that, we believe that the $1280 level should continue to be supportive though, and as a result we are buyers on support candles in the general vicinity. Selling is not possible until you below there, and even then we think that the market is going to be somewhat bullish as the uptrend continued over so long.
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.
