Gold Price Forecast – Gold Markets Go Parabolic

Gold Price Forecast – Gold Markets Go Parabolic

Gold markets have rallied rather significantly during the course of the trading session on Wednesday to reach towards the 200 day EMA, and perhaps more importantly to smash through major resistance. The fact that we are all the way appear and have gained over 2% is rather impressive, because quite frankly the gold market has done nothing but gone back and forth over the last couple of days to chop up trading accounts. That being said, we do have a significant amount of resistance just above where we are, so even if we do continue to go higher it is very possible that we see a little bit of a pullback.