Gold markets broke higher during the course of the session on Friday, but found a bit of trouble at the $1140 level. With that, the market pullback
Gold markets broke higher during the course of the session on Friday, but found a bit of trouble at the $1140 level. With that, the market pullback slightly, but at the end of the day we think there is enough support near the $1120 level to keep the market somewhat afloat. With this, we are buyers on short-term supportive candles, but recognize that the market will probably struggle to get above the $1150 level for any real length of time. Regardless what happens, the one thing you can probably count on is volatility.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
