Gold markets fell slightly during the session here on Wednesday, as the $1250 level continue to offer far too much in the way of resistance. Because of
Gold markets fell slightly during the session here on Wednesday, as the $1250 level continue to offer far too much in the way of resistance. Because of this, the market looks as if it’s ready to continue falling a bit, but the $1240 level of course will offer support. In other words, even though we think that a pullback is coming we believe that ultimately the buyers will step been to pick up what is falling. All things being equal though, we believe that it’s probably best to trade this market from more of a longer-term standpoint. With that, we are on the sidelines.
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.
