Gold Price Forecast – Gold Starting to Show Signs of Support Again

Gold Price Forecast – Gold Starting to Show Signs of Support Again

Gold markets rallied a bit during the trading session on Friday, as we continue to see central banks around the world flood the markets with liquidity. Because of this, it is very likely that we will continue to see precious metals react in the same way, gaining due to central bank behavior. As fiat currencies continue to see devaluation due to the flooding of liquidity, it makes sense that traders will be looking towards gold for wealth preservation. Furthermore, there is also a safety aspect of trading gold. Gold Price Predictions Video 16.11.20

The market has been sideways for quite some time, and the fact that the massive candlestick from Monday has not been broken to the downside is rather impressive. That being said, even if we do break down from here, I am still very interested in buying short-term pullbacks, and have no interest in shorting this market. […]

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