FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
I think the bull run is over, a final push could go up to 1780 then expecting the bears to take over.


The bullrun imight be over in the very short term...say there may be a small pullback for a couple of weeks....Goldman Sachs have forecasted gold to hit 1900 in the next few months and 2100 within a year...I think there may be one last attempt at 1800 in the short term with maybe a pullback to 1670 , the buyers will come back in at this level and start to push gold back up...once gold breaches 1800 and stop 1900...this could take a couple of months...there are too many tailwinds favouring gold for the gold bubble to burst just yet...with shattered economies and massive amounts of money printing plus zero or negative interest rates..unless there is a vaccine, the coronavirus is wiped out and economies come back at record will keep rising in the coming months with dips being buying opportunities.
+3 Reply
@SmileR2020, thanks for your overview and forecast. I've seen the same analysis from Goldman. Gold is trading near a seven-year high, supported by an increasing number of coronavirus cases worldwide that threaten to curtail global economic activity. The metal has outperformed traditional haven currencies including the Japanese yen and Swiss franc as “the haven of last resort,”...
Well done
Yes we will see bear takeover.
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