Will Gold Touch 1913$ Next Week ?
In what appears to be an unprecedented win, gold prices are up 9% for two quarters back-to-back as memory of this month’s U.S. banking crisis keeps the safe haven in demand, even as risk assets rebound from recent lows. Gold's highs came even as the S&P 500 climbed 6% over the past three weeks, shrugging off contagion worries from the U.S. banking crisis that led to the collapse of two banks and the rescue of another amid troubles in the European banking sector as well. So will the gold will come back to the support zone . For my opinion yes , because RSI indicate a bearish market is coming , so next week will be bearish for the gold metal , otherwise the yellow metal touched the resistance line .
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