[ad_1]
Gold markets hit the crucial $ 1,850 level again, an area I previously suggested as strong support. Now that we are rebounding slightly from there, it will be interesting to see where the market goes. After all, the idea of a vaccine that has a 90% success rate could of course change everything for the world, but at this point the question is not so much whether the vaccine works or not, but whether gold still has it or not. type of value attached to it?
Gold Price Prediction Video 11.10.20
There is a high probability that something will happen to push gold higher with enough time. Central banks around the world seeking to flood markets with stimulus would be reason enough under normal circumstances, and it should be noted that perhaps some of what we saw in Monday’s trading session could be considered like a bit of a “jerk.” To think that the world is suddenly a much safer place and that we have no problems is naive to say the least, although that is very good news.
The US Dollar could very well strengthen and push the gold markets lower for a while, but it will likely only be a matter of time before buyers come back and recover in value. Remember, we are in a long term move upward and gold for or for a reason, and this is something that should not be forgotten. I think at this point it’s crucial that you remember that the world is far from healed.
For an overview of all of today’s economic events, check out our economic calendar.
[ad_2]
Source link