Gold analysis

[Billy Jury]

Again the Gold market is going up and hopefully will touch the 161.8 point. So till the point buyers can make an entry and can gain a good amount of profit indeed. To the buyers the entry point is at 1339.75 and the closing point is at 1348.95.

 

[Andrew136]

The price of gold depends on many factors and it is difficult to predict the behavior of the market. The main advantage of gold is its limited amount in contrast to currencies. The more states will print money, the faster the gold rate will grow.

[mlawson71]

Gold has formed a double top at $1,440 that is very obvious on the daily time-frame, I think next week there will be a move to the downside.

[Gilstern]

I dont think that it is difficult to predict price of gold. Looking historically, each time when there was high uncertainty on the market, the price of Gold was going up. It is the same situation today. So, we can expect that in the future price of Gold will go only up

[mlawson71]

Gold is consolidating sideways, I think it will drop back down to $1,400.

[mlawson71]

The move north continues, let's see how it will develop next week.

[mlawson71]

It found some resistance around 1525, we may see it depreciate for a while.

[mlawson71]

The move north continues finally, we'll likely soon see a breakout above 1525.

[mlawson71]

The move north continues, it may rally towards 1560.

[mlawson71]

It formed a shooting star candlestick at 1550 on the daily time-frame so we may finally see some correction.

[mlawson71]

Gold is consolidating sideways for now, let's see when it will continue moving north.

[pradegxs]

What direction will gold take in next two weeks? Please share your opinion, I want to open position on Gold with Hotforex, it was very hot recently, drew attention of many traders.  

[mlawson71]

Let's see how Gold will develop next week.

[mlawson71]

Gold is quite bearish at the moment, it may drop below 1500.

[mlawson71]

It's bearish for now, next target may be around 1450.

[mlawson71]

Gold is consolidating sideways for now and that likely won't end before the end of the week.

[mlawson71]

Consolidation continues, I think it will last into next week.

[mlawson71]

The move north is continuing, it will likely reach 1530.

[mlawson71]

Gold remains consolidating sideways for now.

[mlawson71]

The move south continues for now, let's see whether it will reach 1480.