2,000$ Gold Price is in the corner - is it so?

GOLD ANALYSIS FORECAST

After achieving higher price targets
 last days too much news and bla bla that $2,000 Gold Price is in the corner  - is it so ?

( if 1560 price will break up then next targets is in 1720+_ for my opinion but its far so lets keep that   in our mind and meanwhile focus on the present )

gold  price  traded  higher  in response to continued concerns that the trade war between the United States and China will get worse before it gets better
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most central banks around the world have been moving towards a much more accommodation monetary policy as they lower interest rates and make cheap money more available.

It is also believed that there is a high probability that the Federal Reserve will initiate additional rate cuts beginning in September and possibly another rate cut in December.

those measure supportive of bullish market sentiment for gold as  safe haven assets

GOLD  FORECAST

last year in august and this January I posted  :

NOTED FOR THIS: Gold price pattern   if 1326 level will hold them we have a potential to see this happen - take a closer look 

GOLD ANALYSIS

Gold price Technical analysis

As long as gold xau/usd stay and trade above 1406 the trend is bullish, short term remain in  1474/1453 /1438

Next resistance levels stay in 1530 1560

From closer look, I think that we are face in correction in the gold to test 1430-1460 price area 

XAU USD  ANALYSIS

last thing is COT position, Gold position map :
 Cot position show same pattern as happen in 2010

GOLD POSITION

This 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