The gold markets fell slightly on Tuesday, as the market continues to have a bit of negativity in it. I believe that any rally at this point time will be
The gold markets fell slightly on Tuesday, as the market continues to have a bit of negativity in it. I believe that any rally at this point time will be a selling opportunity on signs of exhaustion, and the signs of exhaustion should come rather quickly. I still have a target of $1100 level below, and then eventually the $1000 level below. The $1200 level above continues to be the “ceiling” in this market, and as a result I feel that it’s only matter time before the sellers get involved. I have no interest whatsoever in buying.
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.
