Gold Forecast: September 2022

From dailyforex.com

September is going to be a huge month for the gold market, because there will be an increase in volume as traders come back from holiday, and also, we are at a major inflection point in the marketplace. All you have to do is take a look at the weekly chart attached to this article and recognize that the last 2 ½ years have seen a trading range, one that we are at the very bottom of. The question at this point is going to be whether or not this bottom holds, and the fact that we have the 200 week EMA approaching certainly does suggest that there is going to be a big fight. However, you should also keep in mind that ... (full story)