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Video: Gold Price Analysis for February 2021 – Gold Price to Follow Silver?

In the present video, David Jones from Capital.com provides his short-to-medium term forecast for gold in February 2021. He starts the video with fundamental analysis, discussing the recent sideways movement of prices, possible reasons behind it, and factors that can be influencing the metal in the future. Next, David lists the major support and resistance levels. He then turns to technical analysis, showing charts and technical indicators. He also shows charts of the Dollar Index as the performance of bullion often has an inverse correlation to the US dollar. In the end, David decides to place a buy order in case prices move somewhat lower, hoping that the commodity will rebound afterward.

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source https://www.earnforex.com/commodities/video-gold-price-analysis-for-february-2021-gold-price-to-follow-silver/

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