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Video: Updated Gold Chart Analysis for 2020 – Can Gold Provide Crisis Cover?

May 15, 2020 at 14:11 by Vladimir Vyun

In the present video, David Jones from Capital.com provides an updated longer-term forecast for gold in 2020. He starts by discussing the recent performance of the metal, the reasons behind it, and factors that will be affecting the commodity in the coming months. Next, he lists important support and resistance levels. David then shows gold charts and speculates whether prices will continue their move up. In the end, he places an order to buy gold if it indeed continues to move higher. While it is unlikely that the metal will reach $2,000 in the near future, things look bullish for gold overall.

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