The gold markets broke down during the course of the session on Thursday, pulling back from a significant move higher on Wednesday. However, we feel that
The gold markets broke down during the course of the session on Thursday, pulling back from a significant move higher on Wednesday. However, we feel that the market is one that you will have to pay special attention to. Will we mean by that is that in order to sell this market we need to either see a rally. Show signs of exhaustion, or a break down below the $1100 level again. Although we recognize that this market could go higher from here, we have no real interest in buying. We feel that the $1140 level will be massively resistive.
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.
