Gold Price Forecast August 30, 2017, Technical Analysis

Gold markets gapped higher at the open on Tuesday, and then shot towards the $1325 level. We pulled back since then but it seems as if we are financing support, and I believe that the gold markets are going to continue to the upside. There are far too many risks geopolitically at the moment to think that gold is going to start to pull back, and I believe that we have much further to go. The $1350 level above offers a psychological barrier, but it shouldn’t be as much trouble as the $1300 level was recently. I believe that the $1300 level is the “floor” in the uptrend currently, and therefore I don’t have any interest in selling.

Gold Outlook Video 30.8.17