Gold markets finally broke above the $1110 level during the day on Tuesday, an area that has been massively resistive. Now that we have done this, the
Gold markets finally broke above the $1110 level during the day on Tuesday, an area that has been massively resistive. Now that we have done this, the gold markets look likely to be ready to go much higher and as a result we are most certainly buyers of this market. In fact, we believe that we will more than likely will be trying to reach the $1150 level at this point in time. Pullbacks should continue to be buying opportunities going forward, and with that being the case we have no interest whatsoever in selling at this point in time.
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.
