Gold Price Forecast – Gold Markets Attempting to Stabilize

Gold markets have rallied a bit during the trading session on Friday, reaching towards the $1890 level rather quickly. At this point, it looks like the $1900 level will be targeted, but we have the 50 day EMA just above there and of course a lot of supply. Quite frankly, this is a market that will probably dip from here, but I also think that will be a nice buying opportunity as central banks around the world will continue to flood the markets with liquidity. This should drive down the value of fiat currency, and thereby drive up the demand for metal such as gold and silver. Gold Price Predictions Video 02.11.20

Even if we break down below the $1850 level, I think that the $1800 level will be targeted as it was a major breakout previously and we have the 200 day EMA sitting there. Furthermore, we also […]

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