Gold Price Forecast January 22, 2018, Technical Analysis

Gold markets rallied significantly during the day on Friday, but did pull back to stall at roughly $1334 as we rolled into the weekend. I think the market will continue to find buyers, but this of course will be highly influenced by the US Dollar Index, and of course the geopolitical situation around the world. There is a lot of tension that could flareup, but right now it looks as if the market participants are willing to step away from the marketplace, perhaps taking a bit of profit ahead of the weekend. If you can buy physical gold, that might be the best way to play what I think will eventually be a strong uptrend.

If we break down below the $1325 level, then I think the market will probably break down towards the $1300 level. In the meantime, I think we are more than likely going to see some bullish pressure, but I would also be the first to admit that the US dollar is oversold, so that does put a bit of an anchor around the neck of gold. That being the case, I think that you will have plenty of time to add on short-term debts, in the expectation of a massive move to the upside. If we can finally break above the $1400 level, then it becomes an explosion to the upside. I think that’s what we’re doing right now, working our way towards that level, but it could take several months to get there and make the attempt to have a longer-term breakup.

Gold Price Predictions Video 22.01.18