Gold Price Forecast – Gold Continues to Look Strong

Gold Markets Technical Analysis

Gold markets continue to be very noisy. But ultimately, I think you’ve got a situation where traders have to look at this through the prism of a market that is in a massive uptrend and will more likely than not continue to be so. With that being said, I am a buyer of dips, and I do believe that it’s probably only a matter of time before this market really takes off and breaks above the top of the shooting star from Tuesday.

Now, that being said, I don’t necessarily think it’s going to be the easiest move in the world to make and I don’t necessarily think that it has to happen right away but I do recognize that it’s very likely traders will continue to look at this through the prism of a buy on the dip situation as this market has been in an uptrend for quite some time and of course we have a lot of concerns out there about global trade tariffs etc. even debt.

So, with all of that, I like the idea of buying gold every time it dips. I think it’s probably only a matter of time before plenty of value hunters come back into it. But I also recognize that things could get a little volatile here in this overbought condition. All things being equal, though, I do believe that over the longer term, gold finds itself going all the way up to the $3,000 level, which has been a target, admittedly for a long time of mine going back months and now it looks like that’s probably an inevitability, although it took longer than I thought it would.

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