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.
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.
