Gold Forecast: Gives Back Initial Gains Ahead of NFP | Metals Mine

  • Gold Forecast: Gives Back Initial Gains Ahead of NFP

    From dailyforex.com

    The technical analysis for gold is obviously very bullish, and I think we’ve got a situation where traders will be watching this with great interest, because as we pull back, it’s very possible that we will see value hunters coming back into the picture in order to pick up “cheap gold.” After all, this is a market that is been very bullish for some time, and a lot of people will be looking to get involved. However, I think a lot of what we have seen during the Thursday session is just simple noise ahead of the employment numbers that will obviously cause quite a bit of volatility in multiple markets, not just ... (full story)

Comment Options
  • Story Stats

  • Related Stories