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.
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.
