Gold markets fell during the course of the session on Monday, forming a very bearish looking candle. The market is most certainly in a downtrend, and we
Gold markets fell during the course of the session on Monday, forming a very bearish looking candle. The market is most certainly in a downtrend, and we feel that it should continue been so. We believe that this market breaks down farther than we see right now and are aiming for the $1000 handle. We sell short-term rallies, and for this particular market or comfortable being short from just about anywhere. It’s hard to imagine that with as strong as the US dollar looks like, that the gold markets will have any serious strength.
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.
