Gold markets had a choppy session on Thursday, as we continue to press against significant resistance above. Ultimately, I believe that we will break out
Gold markets had a choppy session on Thursday, as we continue to press against significant resistance above. Ultimately, I believe that we will break out to the upside and continue the uptrend overall. However, we could have a pullback between now and then, but I look at that as a potential buying opportunity. I don’t have any interest in selling gold, the market has been too strong for too long. A break towards the $1300 level is my longer-term expectation, but obviously, the gold markets will be highly influenced by the United States dollar.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
