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Gold Weekly Price Forecast – Gold Markets Continue to Plunge

From fxempire.com

Gold markets have fallen hard during the trading week as we continue to see the US dollar strengthened overall. Ultimately, this is a market that will continue to struggle with the idea of hanging on to gain as long as the US dollar remains strong. Furthermore, we have sliced through a major support level, so I do think gold has further to go. The $1680 level had been important for quite some time, and now that we are far below it, I just don’t see how gold can hang on to gains. Ultimately, this is a market that I will be looking for shorting opportunities on every bounce, and it’s likely that we will see plenty of ... (full story)

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  • Category: Fundamental Analysis