Will gold price continue to rise due to the tension and the situation in the world?

GOLD ANALYSIS FORECAST

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Gold price pattern

if 1326 level will hold them we have a potential to see this happen - take a closer look

GOLD forecast

Gold analysis

The last thing is COT position, Gold position map :

we can see at CME Cot report that there is more room for big move: take look on the spreading and position, I expect to see strong decline /decrease in the position before the trend will change, till then the trend is remaining negative as long gold prices remain below 1370+- price , but in MANAGED MONEY section we see increase in long position so time will tell





GOLD position

Related Posts

Economic and geopolitical environment looks the primary catalyst moving gold prices higherAre wefacing a ‘black swan’ event ?In my opinion we are at a stage when things come out of resettingmarkets not coordinatedTrade war between the United States and ChinaBoth presidents of China and the United States supposed to meet at the G-20 meeting at the end of this month in Japan- need to stay in focus to see what will be the resultsLast week in the Gulf of Oman, two oil tankers were attacked, if it was Iran that made this attack will United States take military action- if yes What the consequences would beA massive pile of debt and impossible-to-meet IOUs that the world’s central banks have enabled- nearly $100 trillion increase in global debt since the beginning of the Great Financial Crisis .This act was begin in 1971 when the world abandoned the gold standard in favor of the idea that debts themselves could be the backing for debt.This coming Wednesday the Federal Reserve is expected to announce interest rates. The Federal Reserve is not expected to change interest rates, but the market's eyes will be directed to the central bank's forecast for further growth, inflation and interest rates. It is important to see how many people out of Fed members expect a rate cut this year.Warning signs that a recession is looking closer ,the price of oil is one of them , with oil inventories climbing despite relatively low global oil output prices .Second is the dramatic inversion of the yield curve, which means shorter maturity government is yielding more than longer maturity.For example, you can get a higher yield on-monththan 10-year , historicallythisis accurate indicator of recession.despite the Economicand geopolitical risks, US markets continue to rise and seem impervious to any bad news - not forever....This time I will take a risk and say that we are at the stage of entering period of declinesif not in the coming months, then next year if thing continue to stay as they are!Do not be surprised if we will see new highs in the indices, but it will not be in order to continue a long and healthy wave of price in the markets - it will be to clean up weak hands and to repress the truth that appears in the near future.last year in august and this January I posted :Gold price technical analysisAs long as gold xau/usd stay and trade below 1320+_ the trend is bearish and those targets are on the desk: 1289 1276 1264 1240 1233 1224 1211If gold remains above 1320, I’m expecting to meet 1347 1333 1326 1315 areas -there is the price band is imprisoned between 1207 and 1347Gold need to cross 1378+_ points to confirm upper targets and positive momentumAfter those areas the next resistance levels stay in 1430 1480 and even above 1500:1530 1560This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice