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.
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.
