The gold markets fell slightly during the session on Monday, but at the end of the day there really isn’t too much to discern from this move in. After
The gold markets fell slightly during the session on Monday, but at the end of the day there really isn’t too much to discern from this move in. After all, the $1100 level above is resistance, but the $1080 level below is support. We believe that the market bouncing around should continue, especially considering that it is a Nonfarm Payroll Numbers week. That of course has quite a bit of influence on the US dollar which in turn has quite a bit of influence on this market. Ultimately though, we think that the gold market still have farther to go to the downside.
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.
