Gold markets had a relatively quiet session on Friday, as we continue to bounce around the $1260 level. There is quite a bit of noise just below,
Gold markets had a relatively quiet session on Friday, as we continue to bounce around the $1260 level. There is quite a bit of noise just below, extending all the way down to the $1240 level. Because of this, I’m looking for some type of supportive candle to start going long, and a break above the $1270 level would also have me buying. Either way, I have no interest in shorting, I believe there is a significant amount of buying pressure just below. I believe that the market will try to reach the $1300 level above.
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.
