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 May 2020 – Bulls to Hold 1,700 and Advance?

April 30, 2020 at 8:52 by Vladimir Vyun

In the present video, David Jones from Capital.com provides his forecast for gold in May 2020. He starts the video with an explanation of the possible reasons for why gold stalled after reaching the highest level in more than 7 years and speculations whether the precious metal will be able to resume its rally. Next, he lists important support and resistance levels. David then discusses charts of the commodity, trying to assess whether prices may go next. While a pullback is possible in the short term, David ultimately decides to remain a bull and open a long position, hoping to buy the metal on a pullback and profit from a potential bounce.

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