Gold markets bounced around during the day on Monday, as we continue to grind in a somewhat upward fashion, but this is a market that will be very
Gold markets bounced around during the day on Monday, as we continue to grind in a somewhat upward fashion, but this is a market that will be very difficult, and as a result we feel that pullbacks could be buying opportunities, but at this point in time it’s a longer-term buyers type of opportunity. Quite frankly, the market is one that we will stand on the sidelines of as we have no interest in the type of volatility that we will see over the next several sessions. We will of course look for longer-term opportunities and higher timeframe candles that tell us what to do.
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.
