Gold markets fell during the course of the session on Monday, as we continue to test the lows again. Ultimately, if we make a fresh, new low we believe
Gold markets fell during the course of the session on Monday, as we continue to test the lows again. Ultimately, if we make a fresh, new low we believe that this market will then reach towards the $1050 level, and then eventually the $1000 level. We have no interest whatsoever in buying this market, and look at any bounce at this point in time as a potential selling opportunity. We believe that the US dollar strengthening overall will continue to work against the value of the precious metals markets. Gold of course will be any different.
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.
