Gold markets fell initially during the day on Tuesday, but then turned around to break well above the $1250 level. If we can break above the highs from
Gold markets fell initially during the day on Tuesday, but then turned around to break well above the $1250 level. If we can break above the highs from the Monday session, the market should then reach towards the $1300 level. Pullbacks should be supported, and it now looks as if the major moving averages are trying to cross underneath, but we have not done so yet. Expect a lot of volatility, but I believe that it’s only a matter of time before the markets not only go higher, but reach retract and completely recover all the losses from the initial Donald Trump surprise.
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.
