Assessment of Gold Outlook

We went over the short and medium term cycles in depth last week. On long-term charts, we discussed about gold trading on the edge. Last week, prices were extremely strong, and new highs were set. Gold is approaching the first target, and in most cases, a pullback is foreseen. But the gold market is different to interpret in comparison to other financial markets. Today, we will do the assessment of gold outlook by looking at medium and long-term charts to assess gold medium-term breakouts. We’ll look at the short-term outlook using short-term daily charts and short-term cycles, and then talk about the key gold and silver levels to consider for short and medium term trading.

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