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.
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.
