Gold markets have fallen a bit on Friday to break down below the bottom of the candlestick from the Thursday session.
, which have been rising as of late in the United States. The market will continue to be very noisy, but if we were to break out of this range, there are a couple of destinations that I have in mind. If we were to break down below the bottom of the hammer for the trading session on Friday, it is very likely that we could go looking towards the $1760 level, an area that has been supportive in the past.
Looking at this chart, it appears that the market will continue to be very noisy and go back and forth, so I think, as we will continue to see a lot of confusion in the markets when it comes to interest rates and whether or not the Federal Reserve actions will cause a ripple effect.
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