I expect a calm and stable week for gold. My weekly closing forecast is $2080-$2100.
While weekly momentum indicator is falling, price is rising. This indicates that gold prices will rise steadily.
Note : Due to the American debt crisis; individual investors, companies and central banks continue to buy gold.
Gold is expected to reach $3000 in long term.
While weekly momentum indicator is falling, price is rising. This indicates that gold prices will rise steadily.
Note : Due to the American debt crisis; individual investors, companies and central banks continue to buy gold.
Gold is expected to reach $3000 in long term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.