Gold markets rose during the course of the session on Monday, touching the $1230 level. With that, the market looks as if it is ready to continue going
Gold markets rose during the course of the session on Monday, touching the $1230 level. With that, the market looks as if it is ready to continue going higher, and we do believe that the market will then head to the $1300 level. Pullbacks should continue to offer buying opportunities as we have broken out of rather significant consolidation. Ultimately, we think that the market is “buy only”, as precious metals in general seem to be a bit bullish. With that, we feel that the market will continue to press higher every time it pulls back.
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.
