Gold Price Forecast – Gold Markets Recover Slightly on Monday

Gold Price Forecast – Gold Markets Recover Slightly on Monday

Oops!Something went wrong.Please try again later.Christopher LewisJune 21, 2021, 9:15 AM·2 min readOops!Something went wrong.Please try again later.

Gold markets have rallied during the trading session on Monday as we continue to see a lot of noise in this market. The 200 day EMA above at the $1811 level and should offer a bit of resistance if we get there. If we can break above it, then it would be very bullish sign for gold, sending it much higher to fill the gap above which started out the $1861 level and drops down to roughly $1810 underneath. The 50 day EMA sits in that general vicinity but is turning lower. At any rally at this point time could show signs of exhaustion that we could get involved with.

Gold Price Predictions Video 22.06.21

If we break down below the bottom, then the $1750 level would be the next target, as it could be supportive based upon previous action, but more likely than not we will see an attempt to break down even further if we do fall from here. The market is likely to see a lot of selling pressure in general if we do get the breakdown, but at this point in