Gold markets Technical analysis
Gold markets were gathered a bit in the early hours on Friday, because we are now above the crucial level of $ 2,800. This is of course a reaction to Donald Trump who would probably hit the rates on Canada and Mexico, and as a result, traders are worried about the financial system and, of course, their portfolios. Gold offers a little safety in these times, and that is why I think it makes perfect sense, although we are here.
In the end, in view of enough time, I think that traders will continue to view this through the prism of perhaps finding value in dips. But this is a market that has been in an upward trend for some time, so regardless of, this is not a surprise. And in fact it should have been expected. We have consolidated for some time now, and with that it is likely that traders will stick to their gold and maybe try to push this market to the level of $ 2,900.