Gold price forecast – gold markets are skyrocketing

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<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Gold markets break higher During the Friday session after it became known that the Americans had killed a top Iranian general. Excessing the candlestick from the previous session left the last traces of resistance behind, and it now looks like the market is testing the $ 1550 level. I think there is a good chance that we will be nearing the highs again, but we may have to pull back to build enough momentum to go much higher. "Data-reactid =" 11 "> Gold markets break higher during Friday session After it was announced that the Americans would kill a top Iranian general, we had left the last traces of resistance with the cantilever from the previous session and it looks like the market is testing it I think there is a good chance that we will be nearing the highs again, but we may have to pull back to build enough momentum to go much higher.

Gold prices video 06.01.20

Currently, the market seems to be focusing on the fact that there is so much geopolitical instability, and this will of course continue to have a major impact on what is happening in the gold markets. All things are the same, although we were on an upward trend anyway, so this was probably just the excuse people needed to buy again. I think a pullback is probably healthy, but I would expect there to be a rush to the market somewhere near the $ 1525 level. I'm not interested in selling gold, but I realize the pullback could be pretty brutal.

That being said, market participants are likely to continue to dislike buying gold as we broke out on an important downtrend channel. In doing so, I search for purchase options based on value more than anything else. If all things are equal, it is very likely that we will not only reach the previous highs, but break through.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (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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