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Gold Futures - Jun 24 (GCM4)

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Currency in USD
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2,310.10
+0.50(+0.02%)
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Gold Futures Discussions

Gold is in overbought condition at the 220 level, while the highest overbought level in 10 years is at 233-249. If gold reaches the price of 2000 - 2100+, the chance is for a rebound due to high overbought conditions from that price, it can go to the area of ​​1770 - 1820. But, we have to see this Monday if there is a retracement, before gold continues testing the price of level 2000 - 2100+ area. Let's be wise to take a trading position on Monday, because the current price is heading for the highest gold price in 10 years
Can't compare a ten year bear market to what's happening the last 3 years. Times are different. time to change your expectations.
so, what price level do you think the direction of the gold market price is this year?
Current situation is worse than its ever been since we have been off the gold standard, so who cares?
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