Here is our next video about the Gold July update. Gold price this month has made a massive plunge weighed down by a strong dollar and hawkish FED – also downgrading our updated Gold analysis. According to the Gold analysis July, the metal has dropped 6.4% this month since July 1st.
The Gold price forecast also shows it is extending the breakdown momentum below the $1,700 mark and is continuing to lose ground for a fourth consecutive month. The Gold analysis update calls for more bearish momentum to come if the price breaks below a critical $1650 level.
Watch the full video for our take on Gold technical analysis and a deeper insight into what to expect in the months ahead from our Gold price prediction 2022. Drop us a line in the comments with your thoughts on Gold chart analysis.
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00:00 Intro
01:39 Gold reaches new lows!
03:24 Gold support and resistance
03:50 Gold technical analysis
09:13 Recap
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26 Comments
Gold just reversed $35 off the low of $1680. More to come?
What I'm waiting for is the big pullback on dxy IF that even happens, that should really drive the price up, but at the back of my mind I have the idea of golds "normal" value being the pre covid levels trending between 1100 and 1500 for 4 or 5 years. Another bit of me thinks that maybe the value of gold has just increased and now the "normal" value is the 1700-1900 levels we've seen, COVID really put the whole thing into hyper drive and you would've thought inflation would too but with all this hiking, God knows what the average value will be this year XD
Best analysis 👍
Sharp bounce back to over 1700 this afternoon. Is it looking like a bottom yet, is that a bear flag forming on the DXY?
David, you are the man!!!
Dr David Jones
David if you look at a 4hour chart gold and silver both are at key supports and gave a big 4h buy signal.
Paradoxal statement, Inflation and the strength of the US dollar. Hmm, something to think about.
Thanks cap you're the best
Went long gold this morning first time for months but only a short term trade probably untill tomorrow, longer term I will buy more centamin gold.miner shares for it's massive dividend, good window coming up to buy some gold long term, medium term.trend is definitely down
Stock markets are down , crypto been smashed and now gold is under pressure , housing looks stable….where is all the funds going ……main fiat currencies like the US dollar?
I'll also be bearish on gold because of the coming interest rate hike. Thank you Mr Jones
Thank you David!
I think many people lost so much in crypto that they are cashing in other assets to pay the bills.
Yeah I bought some whilst it was dropping, it went -£50 lmao but luckily it has climbed up and I made £5 so I got lucky lol
ممكن العربي
👍
Copper ?
Good long taken yesterday and time to go short
Love the way you just have a guess on future direction. Then expect your mug customers to bet real money against your latest guess. Got it wrong a week ago, so look to me clueless.
Manipulated market of Bitcoin, Silver to divert attention from Gold (in a bid to continue hiding the 66% in secret vaults in Europe by the 3 Crooks (we all know who they are, so need not mention the names), ended in major loss for marginal investors while the big players knew exactly what is happening
Gold has to come up and when it does it will exceed all records crossing $3K mark simply because it is the only, repeate only Universal Fungible Money rest are all Derivatives based on Gold
Fell sorry for the limited trading stock of dirty games of Devil
They are so predictable and boring yet the Selective Memory Syndrome always seems to work on the Mass which is the reason why Devil enjoys an upper hand in all "Short Term Manipulative Schemes / Scams
Time to conceptualize the difference between "Investment" & "Trading "
The former being for long term, the other is mere speculative short term gains thus Investors are not affected by the market fluctuations but the the short term gamblers either lose their shirts or enjoy bonanza
Besides the cardinal principle- High risk high Return versus calculated risk with calculated return
Bottom line : Investors are not bothered but the gamblers are pushed on the edge with YouTube Punditry hyping the market fluctuations, once again for short term only and no big deal for Investors
Looks better if buying with GBP
I think the market is confirming the Dollar Milkshake Theory. I see both the DXY and gold moving higher as the rest of the e world outside of the U.S. is imploding. I’m bullish on both. They don’t have to be inversed trades.
Very deep analysis like oil on April 27, 2020, negative $27. Will gold sellers do the same thing to give out their gold plus $10/oz for the storage fee?
buy buy buy