Gold Prices January 24, 2017, Technical Analysis
Gold markets rallied on Monday, as we continue to see quite a bit of volatility in this market. The $1200 level below continues to offer support, while the $1225 level above offers quite a bit of resistance. This is a market that tends to be rather choppy in this area,
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Gold markets rallied on Monday, as we continue to see quite a bit of volatility in this market. The $1200 level below continues to offer support, while the $1225 level above offers quite a bit of resistance. This is a market that tends to be rather choppy in this area, and I think we’re going to see more of that. What’s we breakout of one of these barriers, then we can continue to go either higher or lower. In the meantime, the short-term back and forth trading could be a way to play this market as we most certainly must build up momentum to go towards the longer-term move.
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