Gold markets went back and forth during the day on Tuesday, after initially gapping higher. Ultimately, we ended up forming a very neutral candle so we
Gold markets went back and forth during the day on Tuesday, after initially gapping higher. Ultimately, we ended up forming a very neutral candle so we could get a bit of a bounce from this area. This is an area that has featured quite a bit of noise previously, so a bounce from here would not be a huge surprise. Ultimately, we think that rallies should be selling opportunities on signs of exhaustion, and we will treat them as such. On the other hand, a break down below the $1080 level would have us selling again.
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.
