The gold markets had a strong showing during the Monday session, as we would have expected. And if you have been reading our reports, you know that gold
The gold markets had a strong showing during the Monday session, as we would have expected. And if you have been reading our reports, you know that gold look to be very bullish of the end of last week. We have shown that the $1700 level looks to be supportive, and the fact that we had a hammer on Friday really got us interested in going long again. Because of this, we are, and we already hold the GLD ETF as well as physical gold. Is because of this that we are levered to the gold markets, but we believe in the longer-term trend. Readily, we are aiming for $1760 in the short-term.
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.
