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Will gold price’s next ‘big move’ soar to $2,400 or collapse to $1,600? – Chris Vermeulen

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The temporary energy for gold is skewed to the disadvantage, and Chris Vermeulen, chief market planner said that an assistance level of $1,810 might be evaluated before the following 'large action' upwards begins.

Nonetheless, if prices remain to pattern below $1,810 an ounce, gold can fall all the way to $1,600.

0:00 – Vaccination information impact on gold
5:00 – Equities
8:30 – Gold: assistance levels and long-lasting forecast
16:14 – Junior gold miners
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Will gold price's next 'big move' soar to $2,400 or collapse to $1,600? - Chris Vermeulen

The short-term momentum for gold is skewed to the downside, and Chris Vermeulen, chief market strategist said that a support level of $1,810 could be tested before the next 'big move' upwards begins.

However, if prices continue to trend below $1,810 an ounce, gold could fall all the way to $1,600.

0:00 - Vaccine news impact on gold
5:00 - Equities
8:30 - Gold: support levels and long-term forecast
16:14 - Junior gold miners
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.