Gold markets had a choppy yet unimpressive session on Tuesday as we continue to hang at lower levels. Break down below the bottom of the Monday handled
Gold markets had a choppy yet unimpressive session on Tuesday as we continue to hang at lower levels. Break down below the bottom of the Monday handled continues the downward pressure, but quite frankly I feel that every time we rally there is a good chance that an exhaustive candle forms that we can search selling off shorter-term charts. Ultimately, this market should reach down to the $1100 level, and then possibly even the $1000 level beyond that. I believe that the $1200 level above continues to offer massive amounts of resistance of the market will struggle with.
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.
