Gold is Becoming Unstoppable
Made a New Record High of +3976.5
- But Will It Rise Further? Will it Test $4000 per oz?
or
- Will Fall Down From Here (The New ATHs) ?????
Taking reference from the Gold Futures Market
- Gold futures already & officially hit $4,000/oz for the first time in history.
- Generally, it is expected that the spot price & the futures prices converge as the contract expiration date approaches
- That means at expiry, gold spot & future must attain the same level
That means the spot might rise to 4000, or the future price might fall from 4000
The attached Gold mini future chart says that gold prices might fall from current levels
Made a New Record High of +3976.5
- But Will It Rise Further? Will it Test $4000 per oz?
or
- Will Fall Down From Here (The New ATHs) ?????
Taking reference from the Gold Futures Market
- Gold futures already & officially hit $4,000/oz for the first time in history.
- Generally, it is expected that the spot price & the futures prices converge as the contract expiration date approaches
- That means at expiry, gold spot & future must attain the same level
That means the spot might rise to 4000, or the future price might fall from 4000
The attached Gold mini future chart says that gold prices might fall from current levels
Certified Market Technician
WA: +33755531401
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WA: +33755531401
marketinvestopedia.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Certified Market Technician
WA: +33755531401
marketinvestopedia.com/
WA: +33755531401
marketinvestopedia.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.