The gold markets went back and forth during the course of the session on Wednesday, as the $1325 level offered enough of a bounce to form a relatively
The gold markets went back and forth during the course of the session on Wednesday, as the $1325 level offered enough of a bounce to form a relatively supportive looking candle. If we can break above the top of the candle for the session on Wednesday, this market should continue to go much higher, and perhaps try to reach towards the highs yet again. At this point in time, it’s likely that the markets will continue to find buyers below, as so many currencies are definitely toxic at this point in time. Gold will continue to be a shelter from European issues.
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.
