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Gold Price Forecast August 24, 2017, Technical Analysis
Updated: Aug 24, 2017, 04:59 GMT+00:00
Gold markets rallied a bit during the day on Wednesday, as we continue to see a grinding of the market back and forth. I think that the Janet Yellen
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Gold markets rallied a bit during the day on Wednesday, as we continue to see a grinding of the market back and forth. I think that the Janet Yellen speech during the day on Friday should be the focus of this market, although political problems could be a main driver of this market as well. Ultimately, I think that one should pay attention to the US dollar, as it will be the main driver of where we go next. I recognize that the $1300 level is massive resistance. As things stand, I’m a bit more bearish than bullish, but recognize that we need to get the Friday before putting any real money to work.
Gold Price Video 24.8.17
About the Author
Christopher LewisSenior Analyst
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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