Gold Price Forecast August 28, 2017, Technical Analysis

Gold markets initially went sideways during the day on Friday, and then fell significantly to reach down towards the $1275 level. We bounced from there as Janet Yellen started speaking in Wyoming, and then looked very bullish by the end of the day. However, the $1300 level above continues to be massively resistive, and it’s not until we break above their that I am willing to buy. In fact, if we see some type of exhaustion near this area, I am more than willing to start selling this market again as it is the top of a larger consolidation area that has been quite reliable.

Gold Prices Video 28.8.17