Gold markets gapped lower at the open on Monday, and then continue down towards the $1280 level. There is a significant amount of support just below, and
Gold markets gapped lower at the open on Monday, and then continue down towards the $1280 level. There is a significant amount of support just below, and this was of course in reaction to the FBI announcing that they were suspending the investigation into the email server of Hillary Clinton. However, the elections are today so it’s very likely that the market could be quiet. A supportive candle could be reason enough to go long again, as it is difficult to sell just above all this noise. Because of this, I’m going to sit on the sidelines today.
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.
