Gold moves sideways seasonally , why ?
This week, 15 Wall Street analysts participated in the Kitco News Gold Survey and most analysts expect gold to slide this week. Four analysts, or 27%, predict gold prices will move higher, while five analysts, or 33%, predict gold prices will fall. 6 experts, equivalent to 40% of respondents, believe that gold will continue to trade sideways.
Meanwhile, 217 votes were cast during Kitco's online visit, with only a handful of Main Street investors expecting gold prices to move higher during the week. 102 retail traders, or 47% of the vote, expect gold prices to rise. Another 61 people, equivalent to 28% of the votes, predicted gold prices would decrease. The remaining 54 people, 25% compatible, expect gold to trend sideways.
However, in terms of time, experts still obtain golden energy but excess value increases. Many banks also predict that gold prices will continue to rise higher this year. Goldman Sachs ignored the Fed's higher interest rate hike on gold and forecast the precious metal's price would rise to $2,700 an ounce by the end of the year.
💵
GOLD BUY 2302- 2305 💵
✔️TP 2310
✔️TP 2315
❌SL 2297
🔥GOLD SELL 2318 - 2321🔥
✔️TP 2305
✔️TP 2290
🚫SL 2329
Meanwhile, 217 votes were cast during Kitco's online visit, with only a handful of Main Street investors expecting gold prices to move higher during the week. 102 retail traders, or 47% of the vote, expect gold prices to rise. Another 61 people, equivalent to 28% of the votes, predicted gold prices would decrease. The remaining 54 people, 25% compatible, expect gold to trend sideways.
However, in terms of time, experts still obtain golden energy but excess value increases. Many banks also predict that gold prices will continue to rise higher this year. Goldman Sachs ignored the Fed's higher interest rate hike on gold and forecast the precious metal's price would rise to $2,700 an ounce by the end of the year.
💵
GOLD BUY 2302- 2305 💵✔️TP 2310
✔️TP 2315
❌SL 2297
🔥
GOLD SELL 2318 - 2321🔥✔️TP 2305
✔️TP 2290
🚫SL 2329
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