Chris Vermeulen: Technicals Support Gold's Rise, US$2,000 is Next

This interview was filmed on July 23, 2020.

The gold price has been on a tear for the last week or so, rising from around US$1,800 per ounce to above US$1,970. 

The yellow metal's swift increase has taken it through the crucial US$1,900 level and past its previous all-time high of around US$1,920, set in 2011. 

But is gold's ascent sustainable from a technical standpoint? According to Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, the answer is "yes," and there are more gains in store for the precious metal.

#Gold #Silver #Investing

Click below to jump to each timestamp:

0:00 - Intro
0:19 - Chris' background and what he does
1:39 - The basics of technical analysis
2:55 - Is gold's price rise supported by technicals?
5:45 - Timeline for US$2,000 gold
8:43 - Next levels for silver to reach
11:57 - Silver's triple digit price potential
14:37 - Manipulation in the silver market
16:22 - What should investors do right now?
19:42 - Outro

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Видео Chris Vermeulen: Technicals Support Gold's Rise, US$2,000 is Next канала Investing News