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Gold Price Forecast August 25, 2017, Technical Analysis
Updated: Aug 25, 2017, 04:35 GMT+00:00
Gold markets continue to go sideways in general, as we are hovering around the $1290 level. Janet Yellen speaking today should give us an idea as to where
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Gold markets continue to go sideways in general, as we are hovering around the $1290 level. Janet Yellen speaking today should give us an idea as to where the US dollar goes next, and if she is rather dovish, that could send this market looking to the $1300 level. However, that level is massively resistive. Ultimately, I still believe in selling, but we will have to see what happens after the speeches in Wyoming. Until then, I would anticipate a lot of choppiness and essentially grinding back and forth in this market as we have no real drivers.
Gold Price Predictions Video 25.8.17
About the Author
Christopher Lewisauthor
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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