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Gold Price Analysis for January 2021 – Georgia Vote to Push Gold to $2,000?

January 8, 2021 at 12:43 by Vladimir Vyun

In the present video, David Jones from Capital.com provides his forecast for gold in January 2021. Gold has reached an all-time high back in the summer of 2020, pulled back since then but has started a recovery afterward. David tries to assess whether it is a good time to buy into the recovery. He starts the video by discussing the recent moves of prices, explains what factors were influencing them and what fundamentals will impact the yellow metal in the future. Next, David lists the major support and resistance levels. He then turns to charts, discussing them, and trying to guess where prices may go next. In the end, David decides to be a buyer, placing an order to buy on a pullback, hoping that the recovery will ultimately proceed afterward.

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