Gold Price Forecast – Gold Markets Plunge Through 200 Day EMA

Gold markets have unfortunately been a place to raise funds for larger trading firms, as they had made quite a bit of money in that sector, and now have to cover massive losses over in the stock market especially, and as a result gold has taken a bit of a punch to the face. Even though we have central banks around the world cutting rates massively, it has not lifted gold because there are no signs of inflation. However, gold is going to end up being a great buying opportunity eventually. Unfortunately, that isn’t quite here yet.

Gold Price Predictions Video 17.03.20

The $1450 level course has offered a significant amount of support in the past, and as we crashed towards that level, we did bounce just a bit. If we can break down below that level, then it’s very likely that the market will unwind down to the $1400 level. At this point, the market is likely to continue to see a lot of volatility, but I think that we are getting close to the point where people will start to buy gold again. I’m going to make this on a day by day basis though, so I will wait to see how the daily candlestick closes. I think at this point it’s likely that eventually people will start looking for safety again, especially if the stock market can stop bleeding. Needless to say, we are quite there yet but there does come a point where eventually value hunters come back.