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Video: Gold Price Analysis for July 2020 – Gold at 8-Year High, Can Rally Go On?

July 15, 2020 at 13:38 by Vladimir Vyun

In the present video, David Jones from provides his forecast for gold in July 2020. He starts the video by discussing the recent rally of gold to a new multi-year high and reasons that were driving it, mainly coronavirus fears but also extremely low interest rates in the United States and other parts of the world. Next, he lists important support and resistance levels. David then turns to charts, trying to assess where prices may go next. In the end, David decides to place a buy order, waiting to purchase the metal when it pulls back in hopes that the rally to new highs resumes afterward.

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