Gold markets trying to fall during the day on Tuesday but found the $1250 level to be strong enough to offer support and turn the market around. However,
Gold markets trying to fall during the day on Tuesday but found the $1250 level to be strong enough to offer support and turn the market around. However, I believe that the $1262 level continues to offer resistance. It’s not until we make a fresh, new high that I’m willing to put money to work, but at that point I think that the gold markets could find themselves reaching towards the $1300 level above. That would be a nice opportunity, and I am more than willing to jump on that trade. However, pullbacks could also offer value trades as well.
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.
