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

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