The gold markets as you can see went back and forth during the session on Tuesday, but in the end printed a neutral candle, that looks somewhat like a
The gold markets as you can see went back and forth during the session on Tuesday, but in the end printed a neutral candle, that looks somewhat like a hammer. Because of this, we think that the market will be somewhat supportive, and it should be noted that the silver markets look very bullish all of a sudden as well, and well supported. As the two markets typically will move in tandem, we think that this is going to be an “anti-dollar” play, therefore gold should get a bit of a boost. A move above the $1300 level has us buying.
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.
