Gold markets rallied on Wednesday, but quite frankly every time this market rises, I believe there is a good opportunity to start selling. An exhaustive
Gold markets rallied on Wednesday, but quite frankly every time this market rises, I believe there is a good opportunity to start selling. An exhaustive candle above is a nice selling opportunity as far as I can see, as long as we can stay below the $1200 level. That area should continue to be massive as far as resistance is concerned, and I still believe that we’re going to reach towards the $1100 level below. At the first signs of exhaustion, I am more than willing to start selling gold yet again. I have no interest 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.
