The gold markets fell during the course of the session on Thursday, testing the $1220 level. With that, it appears that the market should continue to go
The gold markets fell during the course of the session on Thursday, testing the $1220 level. With that, it appears that the market should continue to go sideways overall as the hammer was preceded by a shooting star. With that, we feel that today will probably be very quiet, and that the marketplace is probably one that’s going to be difficult to trade over the next session or two. We are at an area though that should be resistive, and we think that the $1250 level will continue to bring in sellers. If we can get above there, then we believe that the market will continue to go much higher.
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.
