Gold Price Forecast – Gold Markets Get Slammed on Friday

SourceYahoo News
SectorOil & Gas
CountryMiddle east

Oops!Something went wrong.Please try again later.Christopher LewisJuly 16, 2021, 9:42 AM·2 min readIn this article: Oops!Something went wrong.Please try again later.

Gold markets have gotten absolutely crushed during the trading session on Friday, as we continue to see money run into the US dollar, and the bond market in general. With that being said, the market could very well see a scenario where gold drops below the 200 day EMA, and then breaks below the $1800 level. If it does, that could begin a significant bearish move in this market, and it is worth noting that the candlestick on Friday was extraordinarily bearish.

If we do in fact close at the absolute bottom of the daily range, that does suggest that we should continue to follow through to the downside.

Gold Price Predictions Video 19.07.21

That being said, if we could turn around and rally, we need to take out the top of the candlestick for the trading session on Friday to have...read more...