FXEMPIRE
All
Ad
Advertisement
Advertisement
Christopher Lewis
Add to Bookmarks
Gold

Gold markets have had a very strong week during the last five sessions, as we have reached towards the 50 week EMA. If we can break above the $1800 level, then I believe gold markets will continue to go much higher, perhaps reaching towards the highs again. This would make sense, as we are starting to see people worry about inflation, which of eventually inflation could lift gold, depending on what bonds are doing.

Gold Price Predictions Video 19.04.21

Recently, we have seen bond yields stabilize a bit, so it is not offering a “real rate of return” like that was previously. If that is going to continue to be the case, then gold will get a boost. However, if the yields in the bond markets start to spike again, then we are very likely to see gold suffer as a result. That being said, my trigger price is going to be $1800, where I would be a buyer again. I do not necessarily think that we explode to the upside right away, but more of a grind than anything else. That grind would allow plenty of buying opportunities on dips. As things stand right now, it is not until we break down below the hammer from two weeks previous that I would be a longer-term seller of gold. At that point, I would anticipate a move down to the $1500 level eventually.

Advertisement
Know where Gold is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Keep in mind that the bond market is going to continue to cause major issues, in both directions so you need to see what is going on in those yields to get a good read on what happens in this market.

For a look at all of today’s economic events, check out our economic calendar.

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker