Is Gold Now Overbought Or Will It Break Through The $1000 Level?
The price of gold has really rallied strongly in recent weeks and you wonder how much higher it could go if the stock markets continue to be sold off. It’s certainly a difficult one to call right now because while some indicators indicate that the price may be temporarily overbought, the price chart itself is still extremely bullish.
Anyway I just thought I would let you know that Adam Hewison has just created a brand new trading video which analyses the gold chart in more detail. He identifies realistic upside targets if the $1000 level is broken and also uses fibonacci analysis to show key price levels in the shorter term as well.
I think you will find this latest video interesting because Adam’s analysis is always very logical and many of his calls turn out to be absolutely spot on. To watch this video simply click here.
Filed under: Commodities
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