Is this a process parallel to the moves that took place in 2019 in gold

GOLD Technical Analysis

We experienced sharp declines yesterday in markets in all sectors

Next week will be the US election - the market is turbulent and volatile and it is very natural

Will we get a rally back above $2050 or beyond or this will become the end of the journey 

Last post on gold was Has the trend changed in Gold and silver or is it just a short pause

"For gold Closing, today is very critical Below the 1943-1957 area, it indicates a short-term weakness and we are heading to check the 1843-1868 price area “

monthly 38.2% Fib in the $1,840 area is on the cards.

GOLD  price

If you pay attention to the move that took place in 2019, you can see a lot of parallel lines:

Behavioral cuts and a number of other things - if the same conditions continue then there is something to look forward to, and especially the positive side, as long as the 1830-1850 area is not broken! Current price activity suggests major support near $1850

gold  technical analysis

The Fed is expected to keep interest rates at current low levels until 2023

The US dollar, which has a huge impact on gold prices, faces a period of weakness over the medium term. The expectations of large stimulus packages still to be released into the market also favors gold

Gold has been trading as a 'risk-on' commodity. So, when the US stimulus package finally gets passed this will boost risk assets and lift gold along with it

There is definitely something to look forward to in the markets

Good luck to everyone

gold forecast prediction 

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