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The Gold trades last week signal that our forecast for $1500 is possible

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  • The Gold trades last week signal that our forecast for $1500 is possible

    The spot Gold price lose more than $53 during the last week and is on the way to new low prices predicted by us on May 27th. In forecast 10-days ago predicted that the rising price of Gold will stopped.
    On June 5th the last trading day of the first week of the new month the Gold lose more than $30 and signal that the downtrend is a fact.
    In the coming week we expect to see Gold trading in the range of $1640 and $1715. The tendency for downward direction will continue this week although that the movement will be not so fast as the prior week.
    The main target for Gold price remain levels below $1500 or close to $1500 per ounce in the coming few months time or latest at the end of 2020. So we continue to hold short position and plan to make new bought (long position) after few months time.

  • #2
    The Maple(1oz Canadian Gold Maple Leaf) is a slightly higher purity, but for whatever reason, Canadian bullion seems to sell for a slightly lower premium than American Eagles. In other words, you’ll probably be able to buy it for slightly cheaper, but then you’ll really have to wait for prices to increase before it’s profitable to sell.
    Last edited by Ismanwe; 08-11-2020, 02:53 PM.