Gold Price Forecast June 30, 2017, Technical Analysis

The gold markets went sideways initially during the session on Thursday, but we then broke down below the $1250 level. We not only reached below there, but we fell apart and reached down to the $1240 level. We bounced from there, and then sold off again. It appears that gold is can continue to be very volatile and if we can break below the $1240 level, I think that the market then goes to the $1220 level and then the $1200 level. Pay attention to the US dollar, it has a massive influence on this market as the 2 typically will run in verse. However, there is also the possibility that world political noise picks back up, and gold gets a bit because that. Gold should continue to be very volatile, and therefore I think that buying small positions if you are going to get involved is probably the best way to go.

CFD markets

I also believe that CFD markets are about the only way that you can play gold as it is so volatile and you can cause quite a bit of trouble. I believe that the market is going to continue to be difficult, so buying small positions and adding if the trade goes in your favor is probably the easiest way to go. If we were to break down below the $1200 level, that would be a very negative sign, and at that point I think the downtrend would continue to be very strong, and it should pick up quite a bit of momentum. Rallies should continue to be selling opportunities on exhaustion unless of course we can break back above the $1250 handle. Once we do, the market should continue to go higher. Gold continues to be difficult.

Gold Price Predictions Video 30.6.17