Gold markets as you can see initially tried to rally during the course of the session on Thursday, but as you can see ended up falling in order to form a
Gold markets as you can see initially tried to rally during the course of the session on Thursday, but as you can see ended up falling in order to form a shooting star. That of course is a very negative sign, but we are sitting on a significant amount of support though. With that, we actually believe that waiting for a supportive candle is probably going to be the best way to go in this market, as there is a significant amount of noise between here and the $1180 handle. Because of this, we are going to be patient.
Gold Prices Forecast February 13, 2015, Technical Analysis
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.
