The gold markets as you can see broke higher during the course of the day on Tuesday, clearing the $1250 level during the day. That being the case, the
The gold markets as you can see broke higher during the course of the day on Tuesday, clearing the $1250 level during the day. That being the case, the market looks as if it’s ready to break out to the upside and perhaps head to the $1275 level next. We like buying gold markets on short-term pullbacks, but realize that it will be rather choppy all the way up. Pullbacks at this point time should continue to offer buying opportunities as well, with the $1220 level being the floor at this point in time.
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.
