Gold markets rose during the day on Friday, but as you can see we are still well below the bottom of the shooting star from the Thursday session. With
Gold markets rose during the day on Friday, but as you can see we are still well below the bottom of the shooting star from the Thursday session. With this being the case, the market looks as if the buyers are in control, but we do have quite a bit of resistance above. With this being the case, it’s likely that we will have pullbacks from time to time as we try to build up strength. If we do manage break above the top of the shooting star from the Thursday session, that would be an extraordinarily bullish sign.
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.
