The gold markets initially fell on Friday, but did find enough support below to form a little bit of a hammer. Nonetheless, we are still in the middle of
The gold markets initially fell on Friday, but did find enough support below to form a little bit of a hammer. Nonetheless, we are still in the middle of a massive consolidation area, so we don’t really have a serious interest in buying it. We feel that this market should continue to be one that meanders around with almost no direction, so therefore we have no real interest in selling either. At this point in time, we are on the sidelines and simply waiting for some type of direction to assert itself in this market.
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.
