In the present video, David Jones from Capital.com provides his updated forecast for gold in April 2020. He starts the video by discussing the recent jump of prices to the 7-year high and the reasons behind it as well as factors that may be driving the metal in the future. David then lists important price levels traders should watch. Next, he shows charts and discusses whether gold will continue moving towards $2,000 or it was a false breakout. In the end, David decides to set up a long position for the commodity, betting on the upward movement to continue.
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