Posts Tagged ‘gold’

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Gold Forecast — December 2nd 2020

In this video, the Trader Guy looks at the commodity, gold for the  December 2nd. Gold/USD — It looks like gold is attempting to form a base here. Gold has now recaptured the 200-day EMA and the next target could be the 50-day EMA. The US dollar got pummeled and some major support levels are broken. It could help gold appreciate in value and rise further. Also, the central banks are […]

Gold Forecast — December 1st 2020

In this video, the Trader Guy looks at the commodity, gold for the  December 1st. Gold/USD — Gold fell initially on Monday session, but then bounced back to show signs of life. This market needs to recapture the 200-day EMA. The central banks continue to flood liquidity into the market. In the long-term, gold is bullish. So, pullbacks are buying opportunities.

Gold Forecast — November 30th 2020

In this video, the Trader Guy looks at the commodity, gold for the  November 30th. Gold/USD — Gold tried to break down below the 200-day EMA on Friday session. But it ended up forming a hammer candlestick, as you can see on the daily chart. So, fundamentally gold looks bullish. Hence, pullbacks are still to be seen as value. The volume is an issue at the moment, as last week was Thanksgiving in the US.

Gold Forecast — November 27th 2020

In this video, the Trader Guy looks at the commodity, gold for the  November 27th. Gold/USD — Gold pulled back a bit on Thursday session. This week was Thanksgiving in the US. So, volume was an issue. The market could test the 200-day EMA and the $1,800 level for support. So, pullbacks are buying opportunities at the moment. The Fed continues to contribute for dollar weakness, which could help gold rise further.

Gold Forecast — November 25th 2020

In this video, the Trader Guy looks at the commodity, gold for the  November 25th. Gold/USD — Gold broke below the 200-day EMA on Tuesday session. This is due to the US dollar acting as a fundamental driver behind gold at the moment and not any other catalyst. The $1,800 level could be tested for support. So, look for signs of a supportive candlestick like hammer to buy gold. Also, keep in mind that this is […]

Gold Forecast — November 24th 2020

In this video, the Trader Guy looks at the commodity, gold for the  November 24th. Gold/USD — The trading session was very bearish on Monday session as the US dollar got a reprieve during the New York session. This shows that the US dollar could be the fundamental driver behind gold with a negative correlation. The next support could come at the 200-day EMA. The central banks are flooding the market with liquidity. So, […]

Gold Forecast — November 23rd 2020

In this video, the Trader Guy looks at the commodity, gold for the  November 23rd. Gold/USD — Gold rallied from the $1,850 level on Friday session. The next support comes at the $1,800 level. So, dips are buying opportunities. A break above the $1,900 level is seen as a major move to the upside. The central banks are flooding the market with liquidity. Hence, pullbacks are seen as value at the moment.

Gold Forecast — November 20th 2020

In this video, the Trader Guy looks at the commodity, gold for the  November 20th. Gold/USD — Gold is testing the $1,850 level for support. It looks like this level will give away and the next support comes at the $1,800 level. The headlines on coronavirus could continue to cause noise in this market. So, buying dips is the way to play this market at the moment.

Gold Forecast — November 19th 2020

In this video, the Trader Guy looks at the commodity, gold for the  November 189h. Gold/USD — The trading session went flat on Wednesday. The area below the $1,850 level looks massively supportive. Also, the next support comes at the 200-day EMA. Hence, dips are buying opportunities. A break above the $1,900 level is also reason enough to buy gold.

Gold Forecast — November 17th 2020

In this video, the Trader Guy looks at the commodity, gold for the  November 17th. Gold/USD — Gold saw a sideways price action on Monday session and is trading below the 50-day EMA. The headlines on vaccine by Pfizer against coronavirus caused a lot of volatility in the market recently. The next support below comes at $1,850. With the central banks killing fiat currencies through liquidity, dips are seen as buying opportunities at the moment.

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