Commodity Blog

Commodity news, technical and fundamental analysis, market data on precious metals, energies, industrial metals, and soft commodities

Archives

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 Capital.com 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.

If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below.

Leave a Reply

required
required  

Navigation

Menu