Posts Tagged ‘gold’

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Gold Forecast — September 24th 2020

In this video, the Trader Guy looks at the commodity, gold for the  September 24th. Gold/USD — The trading session was extremely bearish on Wednesday. Now, the market is looking for the $1,850 level for support. As you can see on the daily chart, you can make an argument for a descending triangle pattern. Further to the downside, the market should test the 200-day EMA for support. In the long-term, gold will rise again as the Fed is flooding the market with […]

Gold Forecast — September 23rd 2020

In this video, the Trader Guy looks at the commodity, gold for the  September 23rd. Gold/USD — The market tested the $1,900 level for support on Tuesday session forming a bullish candlestick. To the downside, the 200-day EMA, and the $1,800 level look supportive. The Fed is flooding the market with liquidity, which will help gold to rise further. Hence, pullbacks are buying opportunities at the moment.

Gold Forecast — September 22nd 2020

In this video, the Trader Guy looks at the commodity, gold for the  September 22nd. Gold/USD — Gold got hammered on Monday session. This was due to the strengthening of the US dollar. This could work against the commodities including gold. So, gold should now look at the $1,900 level for support. The next support should come at $1,800. The Fed is doing liquidity measures, which could work against the value of the US dollar. […]

Gold Forecast — September 21st 2020

In this video, the Trader Guy looks at the commodity, gold for the  September 21t. Gold/USD — Gold market is in an uptrend, as you can see from the daily chart. It is currently testing the 50-day EMA for support. Hence, dips are seen as buying opportunities. The next support could be located at the $1,900 level. The liquidity measures by the Fed will cause gold to rise further. A break above the $2,000 level is significant.

Gold Forecast — September 18th 2020

In this video, the Trader Guy looks at the commodity, gold for the  September 18th. Gold/USD — As you can see on the daily chart, gold is trading inside this triangle pattern. To the downside, the 50-day EMA, and the $1,900 level are supportive. The liquidity measures by the Fed will cause gold price to rise further. Hence, pullbacks are buying opportunities at the moment.

Gold Forecast — September 17th 2020

In this video, the Trader Guy looks at the commodity, gold for the  September 17th. Gold/USD — Gold is trading inside this symmetric triangle pattern. A breakout to the upside, the $2,000 level could be tested for resistance. To the downside, the 50-day EMA could be tested for support. The liquidity measures by the Fed will help gold to rise further. So, pullbacks are buying opportunities at the moment.

Gold Forecast — September 16th 2020

In this video, the Trader Guy looks at the commodity, gold for the  September 16th. Gold/USD — Gold rallied a bit on Tuesday session, testing the top of this symmetric triangle pattern. It looks like this market is trying to build up enough momentum to break out. To the downside, the support could be located at the 50-day EMA, and the $1,900 level. At the moment, the US dollar is the fundamental driver for gold. Hence, it is […]

Gold Forecast — September 15th 2020

In this video, the Trader Guy looks at the commodity, gold for the  September 15th. Gold/USD — Gold rallied a bit on Monday session. You can make an argument for a symmetric triangle pattern, as you can see on the daily chart. The upside looks more likely at the moment. To the downside, the $1,900 level looks supportive. A break above the $2,000 level is seen as a long-term move. The liquidity measures by the Fed can cause the gold to rise further […]

Gold Forecast — September 14th 2020

In this video, the Trader Guy looks at the commodity, gold for the  September 141th. Gold/USD — The market saw a sideways price action on Friday. The next support could be located at the 50-day EMA and the 1,900 level. So, pullbacks are buying opportunities at the moment. The liquidity measures by the central banks like the Fed and the ECB will cause gold to rise further. As you can see from the daily chart, you can make an argument […]

Gold Forecast — September 11th 2020

In this video, the Trader Guy looks at the commodity, gold for the  September 11th. Gold/USD — As you can see from the daily chart, gold is trading inside this triangle pattern. To the downside, the 50-day EMA is supportive. Also, the Fed is doing everything to kill the dollar. A break above the $2,000 level is significant. Hence, pullbacks are buying opportunities at the moment.

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