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Time now: Jun 1, 12:00 AM
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‼ ️ At the end of yesterday session, the world gold price fell beautifully as expected from 1863 to 1829 ($ 34) closed the daily candle at 1836 with a relatively strong drop. This is the old support price zone that from January 2nd until now the world gold price has not broken and in my opinion we will start to limit long sell orders and wait. Gold creates a bottom to establish a buy position.
- With the world gold price reaching the old support zone of 1830 immediately rebounded, it proved that this price zone could not be broken immediately, but it will take a few more sessions for Gold to bottom and go up. next price zones.
- On the daily chart timeframe, I expect the price of Gold in today's trading session will have some swings down to the sub-channel from November 30, 2020 until now, around the price range 1810-1815 to see. consider setting buy position on the precious metal Gold.
 

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sunar14

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What do you predict of Gold in the future?
In the long-term like 3-5 years it is a good asset to buy, however in the current face of expansion I would keep short position, targeting $1500. Only after it hits this level I would seek a reason to go long.
 

Gafym

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Of course, in the situation in which the world is now because of the coronovirus, triggers instability of any currency and the demand for gold will rise, and accordingly its price. For example, analysts at Direct Bullion predict a renewal of gold price records in 2021-2022 due to economic instability and the increased demand for this commodity asset.
According to the forecast, an ounce of precious metal will rise in price by 40%, which means it can reach the mark of $2,800 during 2021-2022.
Paul Weathers, director of "Direct Bullion," commented on the forecast: "The next year will be amazing for the market of precious metals, especially platinum, silver and gold. Gold prices can jump up to 2800 dollars per ounce, so it's a good time to buy the physical precious metal, which is a major defensive asset. Investing in physical assets provides security in volatile markets. In times of volatility, people often say, "I wish I had bought more gold!"
 
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