Gold Price Forecast – Gold markets finding demand on Thursday

according to Gold markets rallied slightly during the day on Thursday after initially dipping, showing signs of life. The $1200 level for me is the "basement" of the market, and I think that a lot of huge demand is pent up in that region. I do think that it's possible we go down to that level, especially if we continue to see overall strength in the US dollar. I like the idea of buying gold eventually, but I don't know that the support in this region is ready to hold for longer-term move. Price of Gold Video 13.07.18This article was originally posted on FX EmpireMore From FXEMPIRE:

Gold Price Forecast – Gold markets collapse on Friday

Gold markets broke down drastically during the trading session on Friday, slicing through an uptrend line that has extended from late 2016. I believe that any rally at this point has to be looked at with suspicion, especially if the US dollar continues to show signs of strength overall. Right now, I think that the market will probably extend down to the $1250 level over the longer-term. I believe that overall, this will be greatly influenced by monetary flows in the Forex world, so pay attention to US treasuries. I think that the market will continue to be very noisy, but I think selling the rallies will continue to pay going forward.

Gold Price Forecast – Gold drifts lower against stronger US dollar

as declared in Gold markets have drifted a bit lower during the trading session on Friday, reaching down towards the $1237 level before bouncing. I believe that Gold continues to get a little bit beaten up in the short term, but I do see signs of mass of support underneath. The alternate scenario of course is that we turn around and break above the $1250 level, which of course is a resistance barrier above. At this point though, it looks as if the sellers are in control so it's much easier to short these rallies for short-term moves. Gold Price Predictions Video 16.07.18This article was originally posted on FX EmpireMore From FXEMPIRE:

collected by :kiven Dixter