Gold markets Technical analysis
Gold markets went a bit back and forth in the course of the early hours on Thursday, but at the moment it seems that the market is trying to find out what to do then. I think the level of $ 2,800 below is a floor in this market, while the $ 2,900 level above will continue to offer a bit of a ceiling. I am a bit hesitant to be exaggerated to gold at the moment, because frankly we honestly have the job number that comes from America on Friday, and I think this will have a great influence on not only the US dollar, but Also interest rates and almost everything else that moves gold.
So with this I hope to see a bit of a pullback that I can benefit from, and then I will be a buyer again. I am not interested in the market failure, and I think we will not only reach $ 2,900 in the end, but I think we will eventually reach the $ 3,000 level. At the moment there are numerous geopolitical reasons to believe that gold is going higher, just as there are enough reasons to involve traders with their overall wealth, and therefore gold will continue to have a large part of the portfolios.