Gold Price Forecast â Outlook Growing Increasingly Bullish, What to Watch of clients are net short. Long News of clients are net short. Long News 2021-04-16 20:00:00 Paul Robinson, Strategist Gold Price Technical Outlook: This makes near-term outlook bullish Long-term outlook tentatively bullish, but outlook improving Advertisement Gold Price Forecast – Outlook Growing Increasingly Bullish Gold is coming up off confluent support nicely. The May 2019 trend-line and horizontal support from last year helped forge a double-bottom. The first significant level of resistance via the November low at 1764 is being challenged. A clear break above resistance will leave room for gold to trade to the top-side trend-line of a long-term bull-flag pattern and 200-day moving average. Currently the two are in confluence and should gold arrive to that point it will likely prove to be another very pivotal point. We’ll worry about that should it become relevant.