The gold markets went back and forth during the day here on Thursday, as the $1240 level has offered a bit of support. It appears that we can break the
The gold markets went back and forth during the day here on Thursday, as the $1240 level has offered a bit of support. It appears that we can break the range from the Wednesday session, which is extensively the $1250 level, we would be buyers and heading towards the $1280 level. On the other hand, if we fall from here, the $1220 level would be supportive, and at this point time we look at this market as one that’s ready to bounce a bit. However, we don’t have the set up quite yet to start buying, so we are still on the sidelines.
Gold Prices Forecast October 17, 2014, Technical Analysis
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.
