Gold Price Forecast – Gold Markets Continue March Higher

Gold markets continue to march higher as we have seen the metal recovered quite nicely from the $1900 region. With that in mind I think that we continue to see a lot of buying on dips, as a lot of traders will have gotten shaken out but then have come to realize the fact that the market has not crushed the trend, only slowed it down.

Gold Price Predictions Video 18.08.20

Ultimately, I do think that this is a market that not only reaches towards the highs again but breaks out above them. Because of this, I think it is only a matter of time before buyers come in on each of these dips and now it looks as if the 50 day EMA is in fact going to be a significant support level based upon the most recent action. Because of this, I do believe that shorting this market is all but impossible, and that it is only a matter of time before traders would take advantage of “cheap gold.”

Central banks around the world will continue to flood the markets of liquidity and that something that is not going to change anytime soon. With that in mind, the trend higher makes perfect sense and I would anticipate it to last for quite some time. Ultimately, this is a market that I think finds plenty of buyers on dips regardless, because quite frankly most fiat currency around the world is going to continue to get crushed. Although the gold markets are priced in US dollars, at least the most common ones are, the reality is that you can buy gold in just about any currency right now and feel relatively good about it.

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