[mohsinqureshii]

What do you see Gold in next 3 months ? Bullish or Bearish ? Is Gold really heading towards 2500 $ an oz as major research firms of the world predict.

Your view please.

[Obsidian]

I think historical charts say enough

[alenero1]

I think it will not be breached until the support of Gold is still uncertain

[mohsinqureshii]

Markets are very much uncertain as Gold dropped on Friday but its not end. Historical data shows enough and you are right Obsidian.

Waiting to see a new history high in Gold and Silver.

[Obsidian]

I don't trade gold but I think gold is a good long term investment.
For this month, if it can pass 1742, buying pressure will increase. If it breaks 1700, it will head back to 1646.

[mohsinqureshii]

Originally Posted by Obsidian »

I don't trade gold but I think gold is a good long term investment.
For this month, if it can pass 1742, buying pressure will increase. If it breaks 1700, it will head back to 1646.

Gold might have a short term drop near 1680-90 this week.

[kuokam]

Shall I understand that it might shoot for 2500 as well as for 1500?

Originally Posted by mohsinqureshii »

Gold might have a short term drop near 1680-90 this week.

[Obsidian]

My personal opinion is daily and weekly charts are bullish but 4h charts are bearish (heading to 1709 and 1698)...However I don't think that gold will fall below 1600...at least for now...