Gold Weekly Price Forecast – Gold Markets Formed a Hammer

Gold Weekly Price Forecast – Gold Markets Formed a Hammer

Gold markets fell during the course of the week, reaching down towards the $1850 level again. This was an area where we had seen a bit of a bounce as of late, so it is not a huge surprise to see that there was a reaction. However, it is not as if it was an explosive reaction to the upside and quite frankly, I think that the $1800 level is much more interesting from a longer-term standpoint. We have the 50 week EMA coming into that area, and the 200 day EMA on the daily chart is starting to reach towards their as well. I think there is enough confluence therefrom the breakout that a lot of people will be interested in buying gold at that price. Gold Price Predictions Video 02.11.20

Although I believe in gold longer term, it would make a bit of sense for the US […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet