GoldmanForecast

01/10/2020

Outlook🔭
Above 1917🤐 or below 1849😬
Gold prices will react highly to the moods of upcoming elections in the United States and plunging Equities which is about to begin.

The 1900 level will probably offer resistance and a daily close above the 50 day EMA at 1917 is important level to watch for, I would be very interested in going long again, but I fully anticipate that gold will go looking towards the1849 and 1800 level given enough time. It is at the 1800 level that I become very interested in buying gold.

If the US dollar continues to strengthen that could work against gold, but if it strengthens due to people looking for safety, both of these markets may go up at the same time beware about it, Do not get sucked into the idea that the dollar rising means that gold has to fall. All you have to do is look at a chart of the 1980s to see how true that is not.

This is all about the US dollar, so make sure you pay attention to it, as the strengthening US dollar could continue to cause major issues with commodities. Quite frankly, the most important indicator that you can use for this market is the US Dollar Index.

Even if the US dollar does not rise, that will only help gold. I think buying dips will continue to be the way most people look at this, and therefore I am simply going to wait more of a pullback in order to take advantage of “cheap gold”.

I don't have any idea shorting Gold far as it holds 1755, don't take me wrong, I never advice to sell Gold, since it's God's money.

it is such a commodity specially during the most uncertain times that holding Gold will prove to be the best Wealth Making Investment.

Coming back.,
To the upside, I think we are going to see a lot of volatility so keep your position size relatively small.

we probably need a couple of days to have clarity before we can proceed.

22/09/2020

Outlook 🔭
Gold heading towards $1800 ??
Value buyers - Alert ‼️

Gold got a hard hit on yesterday trading session where it broken the 50 Day EMA and slicing through the next support area at 1888.

Gold was rallying in the early sessions but sold off drastically which open the trapdoors below 1900 levels, I would be very much interested to see Gold to close near 1800 level in coming days, which might evolve as next stronger base for longer-term bounce.

Since the selloff has been so brutal closing above 1900 was difficult, but as I mentioned in all my updates every dip is an buying opportunity and value hunters seized the opportunity and Gold closed successfully above the 50 Day EMA but still I would consider Gold prices to settle down.

Value buying in bits and pieces is always a safest for long term holders but I do not feel there is a need to jump into the trade immediately.

Gold might hit a value area near 1800 zone to attract new and long term Investors to add u to their bullish position for a stronger move in coming months.

It is very difficult to imagine a scenario where gold suddenly becomes bearish for any significant amount of time. After all, there are a lot of fears out there when it comes to the global economy as well. Weekly close above 1919 will strongly ensure that bulls are back on game.

Till then Keep Following the Market, If there is any major change then will Update here at GoldmanForecast.

09/09/2020

Outlook 🔭

Gold bounced back from the recent low on Tuesday trading session and unable to break 50 day EMA. There will be greater fluctuations in gold prices, since gold was trading in a narrower range for the past several days now almost we have reached to a break out point. I do believe that this is a market that will have plenty of buyers underneath,it is only a matter of waiting to see whether or not we get some type of bounce near 2000.

The 50 day Exponential Moving Average is near to 1911 technically at 1900 the round psychological level which is even more supportive.

Gold is stronger enough not to break 1900 level considering this I would like to use dips as buying opportunity, but remember market will be highly volatile it may bounce back to 2000 and may come back near 1900 levels in a narrow timeframe.

As long as Federal Reserve is printing money, which is driving gold prices higher and Higher, i would like to buy on dips as a long-term potential opportunity for wealth creation.

Once if we break 1900 level, Gold can reach out 1800 level sooner that late which is very much possible and bouncing from there will reassure the Major Trend Trajectory to Higher Again,
AS LONG AS 1800 level IS NOT BROKEN THE OVERALL TREND REMAINS POSITIVE.

Ultimately, we are in an uptrend for a longer-term move, not only against the US dollar but multiple other currencies.Overall the longer-term uptrend remains intact, but prices are likely to continue to move lower until gold hits a value area which is attractive enough to entice longer-term investors to add to their bullish positions.

Will update when there is any major change, untill sit back and relax.
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31/08/2020

https://youtu.be/pLvY3IB9zuk

In this video we have Mentioned the core Major Reasons, which happened around the world and and how it reflects on Precious Metal Movement. we will let you k...

29/08/2020

https://youtu.be/fPp987r-gkM

20/08/2020

Outlook 🔭
Gold - Sharp Decline Ahead ?
Gold is unable to hold above the 2000 level in the recent trading session and created a little bit of negativity with the key technical area at 1982 to 2015.
Indeed there are plenty of buyers below the 2000 levels and supportively the 50 Day EMA is holding the Gold prices.

But the question is are we going to see Gold continue to rally higher ?

I believe that we are in a longer term uptrend but the current scenario suggests a pullback in Gold prices, considering these facts that
• US dollar is probably oversold in general.
• long positions are on rise in the commodity exchange.
• If the fall in US equity triggers then expect margin call requirements impacting Gold prices to fall in the name of profit taking.

So do not be surprised if gold gives it a little bit of a rest.

But practically speaking, it's just a matter of time before the buyers, so called value hunters step in and take advantage of cheap Gold prices because not only Federal Reserve is printing money and doing this type of liquidity measures, but so are multiple central banks around the world, considering the debt ratio and other global scenario, buyers will step in every dips, so as a long term investor.

It won't be a surprise, If we break below 1855 the 50 day EMA, then Gold may drop even near to 1800.

In anyways as a long term investor you needn't worry about it and I don't have any idea in shorting this market, unless if there is some major decision by Major Central Banks.

The peaks and dips in Gold are going to be higher and Higher, since major pension funds, hedge funds and hardcore investors are stepping in, even Warren Buffet recently purchased around 2 Million shares of Barick Gold last week. So, These pullbacks are nothing to be afraid of, as they are good and healthy in the course of going HIGHER.

Long term Investors have got a great opportunity to invest in small parts and pieces of Gold.
Gold trade gonna be highly volatile, Beware newbies ‼️

If there is any major change, shall update here. Follow, like, share, subscribe or just do anything man but get notified about the new updates.

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19/08/2020

Outlook 🔭
Gold kick strated the week with a good rally and now up above the uptrend line, from the recent lows Gold is up above $120 which is 61.8% Fibonacci retracement level which has offered a lot of support and will above the 50 day EMA.
The support of the uptrend line and buyers adding Gold at cheap prices should continue to offer plenty of support.

[What's Value buying]
Cheap prices means -
(Value Buying) Difference between Physical Gold Prices{RTGS~CASH PRICES}, ETF and Commodity prices. THE BEST preferable investment is to have physical Gold apart from any other form of Gold.

Now what ?
Gold prices swiped above 2000 in just a meantime like it was not even there.That being the case, it looks as if gold will continue to go much higher.

So, Gold will go higher from here?
NO, the road to the uphill will always be bumpy, nerve breaking or sometime even it might set it in reverse mode but overall hold tight with seat belts on till untill we reach the top spot. Furthermore, I think that we are still very much in the early stages of the Gold rally to begin and with that being the case I am willing to buy short-term dips as we go long.
Always buy in small parts because the Gold markets tend to be highly volatile.

Overall am not finding any reason to short this market, as both the fundamental and technical analysis line up for higher pricing, The Federal Reserve flooding the markets with US dollars, considering all these and given enough time and Gold is gearing towards 2500 level over longer term, but obviously bumpy around now and then. Those who are new to this trade will learn Valour and Patience.

For all long term Investors Gold will be a best of all time investment in coming years.

13/08/2020

Outlook🔭
Such a tremendous move in Gold has marked a record in History but am just looking for an answer, whether or not this will be a shallow and short correction or an extended correction ?

Now that we are above the 1900 level, it looks like we are ready to continue to go higher ??

Practically, it will take several days for the market to regain the confidence to take the highs out, and of course the 2000 level will be slightly psychologically important.

Since,We never broke below the 50-day moving average and even yesterday's repulsive exaggerated move did not cause any extended major chart damage, in fact it's a very Bullish sign.

But if we break down below the 50 day EMA it is likely that we would drop to the 1800 level BEWARE‼️

Even with a strong correction and a really really massive price decline, there were buyers willing to buy the dip and that is what will make this correction short-lived.

Central banks are deflating the US dollar more than any other currency.It is going to be high volatile trade and I see there are Higher potential for the downside of US Dollar Index near 88.
Again such a move will fuel Gold prices to go higher, Higher and HIGHER.

You must be excited about the underlying potential in Gold because this current model indicates that we will see a CORRECTION but that will be followed by a final rally taking gold to a new all-time price HIGH targeting 2250 to 2380.

This is an interesting time to be involved in Gold and Silver if you have missed out(Only FOR LONG TERM INVESTORS.)

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12/08/2020

Outlook 🔭
Gold Melts Down to form a new pattern ?
Gold breaks down nearly 5% during yesterday's trading session,YES The Most Anticipated Correction, nothing goes straight up in the air, in the short run we were very extended, very overbought and Gold was in such a hyperbolic move.

Repeatedly mentioned all these in my previous updates.

** From 1820 to 1980 a difference of $160, atleast half of which, that is near 1900 or till 1850 levels.
If we come down near these areas then we will rise higher with impulsive strength to break above 2000 and hold successfully above it.
If you remember my previous post, I have suggested this👇🏻
THE BEST WAY TO TRADE IS FIND VALUE NEAR 2000 AND NEAR 1950 LEVEL, PRECISELY AT 1850 **

I think there will be a lot of (New) traders out there looking their wounds, and this could set up for a nice buying opportunity, perhaps later in the week, don't jump into it right now, the 1900 level is crucial to pay attention to, if we stay above then it's a matter of time buyers will return and break back over the 2000 handle.

Failure to break above 1900 can expect 1850 level precisely.

The area near the 2000 level, I expected we could see buyers return if we slice through but quite frankly I did not expect to see that happen so quickly. This move happened in just an hour or two, but nonetheless this is a market that had gotten far overstretched.

Don't get Fascinated with the imaginary stories regarding Gold, over the internet.
Gold fall because of A successful covid vaccine in Russia Or Trump said he was looking to cut capital gains taxes, cutting demand for the yellow metal, etc., Gold needed a very bad correction and it worked out. Simple as that.

06/08/2020

Outlook 🔭
Where Gold is heading towards ?
Gold has shown significant amount of strength on Wednesday trading session, breaking it's new high as well as filling the gap and clearing ground to go higher further.

As we mentioned in our previous posts, correction is due after Gold reaching above 2000-2070,
At this point, Gold has gone completely parabolic and we desperately needs some type of pullback. In such a case it is difficult to watch for Gold trend further and overall we need to find value.

Gold cannot go straight up in the air forever, but it can stay higher much longer the more we anticipate.
Beware‼️

The optimum idea is to find value near 2000 and near 1950 level, being more precisely at 1850 levels.

Already it has shot up above 22%. All you need to do is have patient and wait till pullback for long-term traders, ultimately Gold will go further higher but remember it was not an overnight journey for Gold to reach till here.

That doesn't mean you sell off now and buy during pullback, I would not recommend selling here, since buyers jump on this wave due to the Federal Reserve and its loose monetary policy, there are chances where another wave of higher price levels will engage both Gold and Silver over the next 40+ days where Gold will target the 2300 level and Silver will target the 33~35 level before an expected pullback.

If there is a pullback make use of that opportunity else stay calm and hold tight as risks continue to become evident, we believe that Gold will eventually target the 3000+ level and Silver will eventually target the 75 to 85+ level. These targets are very likely to happen before the end of 2020 considering the present scenario.

Don't miss this incredible rally in the precious metals if you have not already done so.

Don't get Fascinated by Imaginary Stories which tend to confuse us and create a deceptive view on precious metals.
Beware‼️