Gold markets had a choppy day on Friday, after the jobs number came out not only as expected as far as the addition of jobs, but came out a bit
Gold markets had a choppy day on Friday, after the jobs number came out not only as expected as far as the addition of jobs, but came out a bit underwhelming as far as wage gains were a mere 0.1% for the month of November. Because of this, I believe that we could get a little bit of a bounce, but I still believe a significant amount of resistance of the $1200 level. With this, I am waiting for higher prices to start shorting yet again. If we break down below the bottom of the Thursday candle, that is a selling opportunity as well.
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.
