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
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.
