The gold markets fell during the session on Tuesday, as the markets continue to show quite a bit of negative pressure. The US dollar of course has been
The gold markets fell during the session on Tuesday, as the markets continue to show quite a bit of negative pressure. The US dollar of course has been strong in that works against the value of precious metals in general. It appears that we are reaching towards the $1100 level underneath, which is the first major round number underneath that should offer support. However, I do believe that we break down below there and reach towards the $1000 level underneath. That is the longer-term target, and any time we rally I think you should be looking for work exhaustion to start selling yet again.
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.
