The gold markets fell again on Thursday as the safe haven trade continues to unwind. The market is far too bullish to sell, and we note that the later hours saw the market bounce slightly off of the lows, and the $1,750 area shows that it wishes to be supportive. The market looks a bit weak, but we are looking for consolidation – not falling apart. The market cannot be sold as the uptrend is far too strong, and we would remind you that the market has been going upwards for ten years. Because of this, we are waiting for supportive candles in order to buy from.
FXEmpire.com:
FX Empire is firmly dedicated to strengthening our readers’ knowledge of the minute-to-minute happenings in the Forex market. Delivering daily and weekly technical analyses, fundamental analyses and news, alongside our expert broker reviews, our readers are always in the know.
Check out the latest Brokers Reviews by FX Empire: ForexYard Reviews, FX Primus Reviews, FX Solutions Reviews.
