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Gold: Supported During Thin Holiday Trading

From dailyforex.com

Gold markets have done very little during the trading session on Wednesday, which is not a huge surprise considering it was Juneteenth in the United States. This is a new holiday but one that closes down the futures markets and Wall Street for a while. Because of this, the market will continue to see a lot of momentum in the longer term, but at this point the hesitation makes a lot of sense. So, with that being the case, I think you've got a situation where you can't read too much into the winter candlestick, but you can look at the totality of the market and recognize that there is plenty of support underneath, ... (full story)

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  • Category: Technical Analysis