Gold prices are trading around a one-month high at the start of September, after a pullback for the US dollar and increasing confidence that the FED is largely done with interest rate hikes for 2023.
Job data from the US on Friday showed a rise in jobs for August but unemployment ticked up, providing a mix batch of signals for gold traders. Combined with the bigger macro picture, we could see an interesting month play out on the gold chart.
Where do you think gold will be trading by the end of the year? Let us know in the comments and give us a like if you liked our gold price analysis.
00:00 – Intro
00:16 – Gold September 2023 news and updates
07:20 – Gold technical analysis for September 2023
11:45 – Recap
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18 Comments
Apologies for the reduced quality of our camera footage. We are working on improving this and will provide the usual level on our next videos.
Yes I’ve been watching this evolution I think like you guys but don’t jinx it for us let’s keep quiet and see
Gold will test 2074 this week or next weekl
https://fr.tradingview.com/chart/GOLD/jf2zLdyY/
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Don’t forget the golden rules (gold will hit its highest when the dollar hit its lowest) no soft landing we printed too much someone needs to pay so STAGFLATION already here
❤
Thanks
Splendid !
eh? r u honestly saying you dont know where gold is going?? it has something to filll from Q1 it has to finish doing something by Q3 then its going to start doing something else, seriously are u playing it down or do u honestly not know where its going?? coz it really sounds like u dont know
Gold has been so sluggish over the past few years. Maybe there's a bunch of old money that's been unloading🤷🏻♂️
But it'll all be mined in 50 years so just HODL y'all!
So inspiring!
Thanks love ❤️ , great information informative, and a real world ….that’s happening as well
💙
🎉
Federal reserve a criminal organization there is nothing federal about those boyz
At the beginning: a very interesting short background clip about GOLD manufacturing👍
British with German accent?? thanks for your insight.
Where do I think gold will be trading by the end of the year? That question is dumb and irrelevant. It's dumb because the markets are driven by emotion, not by time.
Here is what I expect. The price of gold and silver will be going up on emotional buying from short-term speculators and driven down by profit takers as it has since Aug 02, 2020. When will the "breakout" occur and what direction?
According to Robert Riech Laber Secretary to 3 Presidents, and Professor of Public Policy for over 50 years (He is teaching at Berkley), the next ten to twenty years will be deflationary. So, expect the breakout to happen on the downside.
My past studies of the gold and silver market going back to when I was active daily as in investor on 1979 -1982, and I been following it since, my intuition tells me we are headed for a drop in the price in gold and silver.
Todays, high prices were created by speculators believing BRICS would drive the price through the roof, and they would be rich. At least one professional speculator sold his 26 million ounces of silver a few weeks ago.
This is a good start. Watch the price of silver and gold drop like a rock when the rest of the speculators "pull the plug" and start profit taking.
Over the next five years the price of silver will bottom out just under $11 and gold around $1200.
Anyone who buys at current prices and expects to make a profit will lose their money. Even "Goldback" buyers will be disappointed. The almost 100% premium on the goldback makes it a lousy investment.
According to the CEO they didn't want the goldback be like coin investments. They wanted the goldback used as actual currency you could use to buy goods and services. The problem with that is when the price of gold falls by say 25%, that won't work, because the business will not accept the drop in price. It also means he paid an "inflated price" for the goldback. Will his customers accept this? I wouldn't.
Does that make good sense?
I love the gpldback but not as an investment until the premium is in line with coinage. Further, I believe someone will make small units of gold, say 5 gram to one ounce that can be traded at spot price.
Just one more thing. When the economies return to normal operation, gold and silver will be forgotten about as an investment. I think the goldback will make great gifts for nieces and nephews' birthdays just as the $25 dollar Savings bond did after World War ii.