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Video: Gold Price Analysis for July 2020 – Gold at 8-Year High, Can Rally Go On?

Summary:
In the present video, David Jones from Capital.com provides his forecast for gold in July 2020. He starts the video by discussing the recent rally of gold to a new multi-year high and reasons that were driving it, mainly coronavirus fears but also extremely low interest rates in the United States and other parts of the world. Next, he lists important support and resistance levels. David then turns to charts, trying to assess where prices may go next. In the end, David decides to place a buy order, waiting to purchase the metal when it pulls back in hopes that the rally to new highs resumes afterward. If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below.

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In the present video, David Jones from Capital.com provides his forecast for gold in July 2020. He starts the video by discussing the recent rally of gold to a new multi-year high and reasons that were driving it, mainly coronavirus fears but also extremely low interest rates in the United States and other parts of the world. Next, he lists important support and resistance levels. David then turns to charts, trying to assess where prices may go next. In the end, David decides to place a buy order, waiting to purchase the metal when it pulls back in hopes that the rally to new highs resumes afterward.

If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below.


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Vladimir Vyun
Vladimir is an online journalist with background in computer science and work experience in pension funds. He contributes news reports, fundamental analysis and sentiment forecasts to TopForexNews.com and CommodityBlog.com. His main specialization is the currencies of emerging economies and inter-market correlations with commodity and bond trading.

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