Gold Price Forecast – Gold Markets Rally On Weak US Dollar

Gold markets have rallied significantly during the trading session on Thursday, reaching towards the $1950 level rather early. However, just $10 above the market has seen a lot of supply, so it will be interesting to see if that holds. There is an entire “zone of resistance” extending from the $1960 level to the $2000 level, so signs of exhaustion will be more than likely an opportunity to take profit. You could sell if you wanted to, but that is more of a short-term trading environment, and one that would be dangerous to say the least. Gold Price Predictions Video 06.11.20

The FOMC Meeting of course will have a significant influence on what goes on with the US dollar, but quite frankly the Federal Reserve has been telegraphing for a while that it does not have too much left that it can do without fiscal stimulus. Senate leader Mitch […]

Click here to view original web page at www.fxempire.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.