Gold markets had a back and forth session in the illiquid conditions for the last session of 2013. This isn’t much of a surprise though, and as a result
Gold markets had a back and forth session in the illiquid conditions for the last session of 2013. This isn’t much of a surprise though, and as a result we don’t really read too much into this candle. Nonetheless, gold market certainly look extraordinarily soft at the moment, so waiting for a rally that show signs of resistance is probably the way to start selling. On the other hand, if we managed break below the $1180 level on a daily close, we are more than willing to start selling this market and aiming for the $1000 level.
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.
