The gold markets broke higher during the session again on Thursday, but as the continuation of the move higher showed itself. We feel that this market
The gold markets broke higher during the session again on Thursday, but as the continuation of the move higher showed itself. We feel that this market continues to go higher over the long-term as well, but recognize that the $1400 level should be resistive. Because of this, we feel that any pullback from this area here will be bought as markets trying to pick up momentum to the upside. If we can get above the $1400 level, we think this market will then head towards the $1500 level, which is what we believe in as a longer-term target anyway. However, there’s always timing to consider.
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.
