Gold markets did very little during the session on Thursday, as we essentially ended the day unchanged. It appears that the move to $1360 is going to run
Gold markets did very little during the session on Thursday, as we essentially ended the day unchanged. It appears that the move to $1360 is going to run into a bit of trouble in this area, but quite frankly that doesn’t surprise us much. After all, the move has been relatively straight up or the last couple of weeks, and as a result it’s not a surprise to think that the market might need to take a rest here. However, we believe that pullbacks will be buying opportunities as this market eventually reaches the aforementioned $1360 level. Until then, we are buying on pullbacks, and are not interested in selling the gold markets.
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.
