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Video: Gold Price Analysis for June 2020 – Pause in the Uptrend?

June 8, 2020 at 12:43 by Vladimir Vyun

In the present video, David Jones from Capital.com provides his forecast for gold in June 2020, trying to answer the question: if the metal has hit the top and this is a time to sell short. He starts the video by pointing out that gold prices have reached the 7-year high in May but were not moving far since then. He also explains factors that were affecting the metal as well as factors that will be affecting it in the future. Next, David lists important support and resistance levels. He then turns his attention to charts, trying to predict where prices may go next. He provides arguments for both bullish and bearish viewpoints. In the end, though, he decides to follow the longer-term bullish trend and buy the metal.

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