Gold Technical Analysis (2016.04.25)

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Gold Technical Analysis –¬†markets went back and forth during the course of the session on Friday, essentially hanging about the $1250 level. This is a market that has been consolidating for some time, and we are presently in the middle of the consolidation area, so it is going to be difficult to trade. However, we would love to see pullbacks that give us a buying opportunity at lower levels. Ultimately, we have to wait for that move and as a result we are on the sidelines at the moment when it comes to the gold markets.

Gold Chart

Gold Forecast

Source:Fxempire


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