Quantcast

Gold Price Forecast September 14, 2017, Technical Analysis


Shutterstock photo

Gold markets fell significantly during the session on Wednesday as talk of a tax deal hit the wires. While we haven't actually seen one, by breaking down below the bottom of the range for the previous session, this is a negative sign. The $1320 level has offered a little bit of support, but I think there is even more support below at the $1300 level. That being the case, I think that we may see a little bit more bearish pressure, as the US dollar could find itself gaining. However, I would anticipate that the $1300 level below will hold. Longer-term, we still have a gap from Monday that needs to be filled.

Gold Price Video 14.9.17

This article was originally posted on FX Empire

More From FXEMPIRE:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Gold , Commodities
Referenced Symbols: GLD , UBG , IAU , SGOL


More from FX Empire

Subscribe






FX Empire
Contributor:

FX Empire









Research Brokers before you trade

Want to trade FX?





Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com