Gold Price Forecast – Quiet Gold Markets on Major Holidays

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Gold markets patchy Slightly lower at Monday’s opening, but not enough to worry about. We turned to fill the gap and then just sat still. This is not a big surprise when you consider that the gold market has recently seen a very strong upward trend. The session on Thursday was a massive shooting star, followed by a massive hammer on Friday. This tells me that the market is likely to go back and forth in this area, which makes a lot of sense considering that after a shot in the air the way it is, the market often needs to calm down a bit. “data-reactid =” 11 “> Gold markets were slightly closer to the opening Monday, but not enough to worry about. We turned to fill the gap and then just kept silent. Given this, it’s not a big surprise. The gold market has seen a very strong upward trend recently, with Thursday’s session being a massive shooting star, followed by a massive hammer on Friday in the air often needs to calm down.

Gold price forecast video 01/21/20

I think pullbacks should be seen as buying opportunities, especially near the $ 1550 level, the $ 1525 level, and most certainly the $ 1500 level. Alternatively, it would of course be a very bullish sign if we took a break over the top of Thursday’s shooting star. I have no interest in selling gold short. I think loose monetary policy will continue to attract precious metals traders in general worldwide. Gold is of course the first place many traders will look around, but it has a certain “nudge effect” in other markets like silver. Unless nothing changes fundamentally, I have no interest in closing the gold market as it looks like it is ready to have a very good year.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Please let us know what you think in the comments below“data-reactid =” 15 “>Please let us know what you think in the comments below

<p class = "canvas-atom canvas-text MB (1.0em) MB (0) – SM MB (0.8em) – SM" type = "text" content = "This items was originally published on FX Empire “data-reactid =” 16 “> This article was originally published on FX Empire

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