Gold markets fell slightly during the session on Friday, showing that the buyers below at the 1230 level of course still around in order to push things
Gold markets fell slightly during the session on Friday, showing that the buyers below at the 1230 level of course still around in order to push things back up. Ultimately, we finished the session forming a hammer, and it does look like we are getting ready to go higher. If we get above the $1250 level, at that point time we would be buyers of this market and aiming for the $1280 level. If we fall below here, we are not willing to sell quite yet as we think there is a significant amount of noise between here and $1200.
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.
