Gold markets initially fell during the day on Thursday, but found enough support below the $1250 level to turn things back around and form a bit of a
Gold markets initially fell during the day on Thursday, but found enough support below the $1250 level to turn things back around and form a bit of a hammer. The hammer of course is a positive sign, so if we can break above the top of it could be a nice buying opportunity. The market would then reach towards the $1300 level given enough time, and with that being the case it would be a nice opportunity to profit off of what has been a reasonably strong uptrend over the last several months.
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.
