Gold Price Forecast September 14, 2017, Technical Analysis

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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


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

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