The gold markets had a very quiet day on Friday after a large move upwards over the last few days. This is common as a parabolic move will often
The gold markets had a very quiet day on Friday after a large move upwards over the last few days. This is common as a parabolic move will often consolidate as traders take a breath. The market probably has a pullback in it, but with the recent action, we would have to think that a pullback will certainly be nothing more than a buying opportunity at this point. We can’t sell the market, at least not until we get below $1,600 – which is a long way below. We like buying dips, and will aggressively do so.
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.
