Gold Price Forecast – Gold Markets Rally On Weak US Dollar

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 […]

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