Gold markets broke higher during the session on Friday, closing above the $1260 level again. This market looks like it’s trying to go higher, and as a
Gold markets broke higher during the session on Friday, closing above the $1260 level again. This market looks like it’s trying to go higher, and as a result we are a buyer. On a break of the highs from the session on Friday, we believe that the market will continue to go towards the $1300 level, and then the $1320 level. Pullbacks at this point time will be looked on with suspicion, and we believe that they will be buying opportunities before it’s all said and done. Selling is not a possibility until we get below the $1200 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.
