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.
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.
