Gold markets Technical analysis
Gold markets have been to Asia everywhere at night and to be honest, I think we see in the middle of seeing a pretty important turnaround. That said, I don’t think it’s a short chance. I think it is a situation in which traders will probably wait for a kind of pullback and bounce to get back from this market for a long time. The market at a certain moment during the session reached $ 2,940, but by the time New York comes online again, we will get closer to $ 2,890. To be honest, a pretty wild ride we had.
The short -term graphs show how much volatility there was, and what is interesting is that it was actually not real news, at least nothing that I have seen that I would suddenly have to get gold to be hammered. So in the end the market is at the moment one that you have to be very careful with. And I even instructed some of my private customers to take a profit in gold, just because I think that once we retire, we have to prove whether the uprising can be or not. I personally think it does. I would be very interested in gold near $ 2,800 if I get that chance, but I would even be surprised if we got around there.