Gold markets did very little during the course of the session on Friday, as we continue to hug the $1180 level. Ultimately, we believe that the market
Gold markets did very little during the course of the session on Friday, as we continue to hug the $1180 level. Ultimately, we believe that the market probably has more buyers than sellers in the short-term, but we believe that this market probably can be very difficult to hang onto for any real length of time. With that, short-term scalping on moves above $1180 might offer buying opportunities, but quite frankly we feel that this market is probably more danger than it’s worth. With that, we will wait to see if we get some type of clear signal, but we most certainly don’t have one now.
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.
