UPDATE 08 OCT. The view below can be affected (change direction to the upside) if any latent Geopolitical situation might arise or escalates.
GOLD Forecast. Medium Long term outlook.
GOLD hit our higher target 1350.00 last month (September).
Current price now is in the range 1280.00 - 1270.00 (October 5th)
We are now targetting 1250.00 , possibly lower (1220.00) if we have some volumes.
GOLD is to SELL the highs. It will keep going lower.
Charts 1h, 4h and D1.
Note that this is for the months of October, November and December.
Can GOLD go much lower?
No clear view right now about it. First point is that this will need volume in order to go much lower (to break the 1250 level) and second we need to pass the December - January cap to see and update the view. That been said, after December, a rebound (strong) could occur, but it is too early to tell.
(Updates and signals real time in the Trading room)
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