Gold Analysis

[moneyliferesearch]

‼ ️ 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.

 

[Shing1985]

What do you predict of Gold in the future?

 

[sunar14]

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]

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!"

 

[moneyliferesearch]

Comment on Gold on December 27, 2021:

- At the end of the last trading week, precious metal Gold had another week of new growth when the price bounced up from 1784 to 1810, closing the week at around 1808. In my personal opinion, Gold is still is being blocked by the resistance area of 1810-1815, so it is likely that in the beginning of the week's session there will be a slight correction, the condition for the increase to continue is to overcome this price area.
- Switching to the H4 time frame Gold is forming a double top pattern. We can short-term at the current price range with safe profit taking around 1800-1803. Here we liquidate the order and wait for the next signal.

 

[moneyliferesearch]

Analysis on Gold on February 16, 2022:

- After touching the right analytical price zone of 1878 precious metals Gold dropped quite strongly to 1844, closing the day session with a bearish candle around 1853. This is also the closest support area for metals. gold and in my personal opinion the possibility of Gold recovering slightly in the early hours of this morning.
- Looking at the H4 chart frame, we can see that Gold is currently leveling off at MA20 and in my opinion Gold can recover to 1858-1861 we can establish a buy position with this precious metal with the aim spend as above. After coming here, the possibility that Gold will experience downward pressure, I will update later.