Gold Price forecast for the week of September 18, 2017, Technical Analysis

September 17, 2017

New York (Sept 17)  Gold markets fell during the week, slicing through the 1330 level, and now looks set to perhaps pull back a bit. We have not retested the $1300 level, so it would make sense to do that from a technical point of view. Gold markets are and whining a little bit from a "risk off" trade, but I think that there will be buyers underneath trying to get involved. By waiting for a move towards the $1300 level, you are picking up value. If we were to break down below that level, that would be a very negative sign, perhaps sending this market quite a bit lower.

NASDAQ

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