Gold Forecast 2020 : Its ultimately a buy , find a bargain price
2020 Range : $1350-1850
Strategy : If We break out $1560 -$1570 area, keep buying for $1800
If $1560 is rejected then look for fall back to $1350
Trade War / Real War would take us to $1700+
USA raising interest rates and no new tariffs would cause price go sub $1400 area
I would personally look to buy in $1350-$1400 range and keep for 6 month
However if it breaks up strongly, then wait for retest of $1550 to have buy position
Also, keep in mind that if we have low inflation leading to recession, gold can drop couple hundred bucks first, just like during 2008 and then if recession is to stay then we can have a huge rally like one in the past
Strategy : If We break out $1560 -$1570 area, keep buying for $1800
If $1560 is rejected then look for fall back to $1350
Trade War / Real War would take us to $1700+
USA raising interest rates and no new tariffs would cause price go sub $1400 area
I would personally look to buy in $1350-$1400 range and keep for 6 month
However if it breaks up strongly, then wait for retest of $1550 to have buy position
Also, keep in mind that if we have low inflation leading to recession, gold can drop couple hundred bucks first, just like during 2008 and then if recession is to stay then we can have a huge rally like one in the past
