Gold Weekly Price Forecast – Gold Markets Have Quiet Week

Gold Weekly Price Forecast – Gold Markets Have Quiet Week

Gold markets have gone back and forth during the course of the week to show a lot of choppy behavior during the last five trading sessions, sitting just below the 50 week EMA. If we can break above the 50 week EMA, then it is likely that the market could go higher, perhaps reaching towards the $1835 level. If we break above that level, then it is possible that we could go looking towards in $1900 level. Obviously, this is a market that would have to see the US dollar start falling to help the gold market bounce a bit. On the other hand, if the US dollar were to start strengthening, that could cause serious headaches for the gold market.