The gold markets as you can see gapped lower during the session on Thursday, as the $1250 level was broken down below. However, there still plenty of
The gold markets as you can see gapped lower during the session on Thursday, as the $1250 level was broken down below. However, there still plenty of noise between here and $1180, so we find this market very difficult to short, even though it certainly looks weak at the moment. It’s going to be much easier to buy a supportive candle if and when it shows, and in the meantime, we are simply going to wait out this market and wait for a little bit clearer signal. We believe that ultimately this market does show enough support for the bounce to come.
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.
