Gold Looks for Momentum in Choppy Trading
From dailyforex.com
The gold market started to rally early in the Wednesday trading session, as we are looking to find some kind of momentum. With the world on fire, it is surprising that gold struggles a bit to hold gains. Despite the fact that the world's on fire, gold is not getting a bid, and this is mainly due to the US dollar remaining resilient. Furthermore, you also have to understand that the gold market recently had seen a pretty dramatic sell off, so in that environment, I believe you have to look at this as a market where you have to watch the $5,000 level very closely as it should be a bit of a floor. But if we were to ...
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