The gold markets rose slightly during the course of the session on Tuesday, as we continue to see support just below, especially at the $1300 level.
The gold markets rose slightly during the course of the session on Tuesday, as we continue to see support just below, especially at the $1300 level. Because of this, I feel that this market will continue to go much higher, perhaps reaching towards the $1340 level, and then perhaps even higher than 9 as the longer-term trend is to the upside as far as I can see. I have a hard time believing that the $1300 level will get broken for any significant amount of time, and it should essentially be the “floor” in this market.
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.
