Skip to content

Gold Forecast Update August 16 2021

Gold Aug 16 2021

Gold has moved up as expected so we are now looking for resistance at one of our “red lines”.

Timing wise, the best position for us is the red circle -so a small retracement followed by a bounce up to this short zone would make sense and be a good relatively low risk entry point to add to existing short positions.

Gold Aug 16 2021
Gold Forecast Update August 16 2021

Moves above the thick dotted white line would indicate that gold has some upward potential to just over 1900 – but even then we’d expect it to “top out”.

Please Donate to help keep our analysis FREE

$ 15.00
Personal Info

Donate quickly and securely with Stripe

How it works: A Stripe window will open after you click the Donate Now button where you can securely make your donation. You will then be brought back to this page to view your receipt.

Index Setups

10.00
Please Donate to help keep our analysis FREE

Donation Total: $15.00

Disclaimer

The content on this site including products sold in our store and our posts on Twitter, Facebook, Instagram, Pinterest, Linkedin and any other site or medium are not investment advice. If you wish to trade or invest based on our analysis you should do so with great caution and consult your financial adviser. Remember never to invest or trade more than you can afford to lose.