Gold markets initially tried to rally during the course of the session on Thursday, but as you can see turned back around to form a shooting star. Because
Gold markets initially tried to rally during the course of the session on Thursday, but as you can see turned back around to form a shooting star. Because of this, it looks as if we are reaching towards the $1100 level, which of course was a massive supportive level previously. If we can break down below there, this market will probably grind its way down to the $1080 level. On the other hand, if we can break above the top of the shooting star, that could leave this market towards the $1140 level.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
