GOLD: Gold will reach three peaks and will have a slight downwa
Updated
World gold prices maintain an upward trend and are still "holding their position" amid price consolidation following recent solid increases. Rising US Treasury yields this week are a factor limiting gold's rise. However, the market is witnessing investors stepping up buying as most believe that gold prices will increase in the near future.
Although gold is down, Everett Millman, market analyst at Gainesville Coins, said that the gold market will continue to attract safe haven flows due to the Israel-Hamas conflict. He forecasts that gold will fluctuate above the $1,900/ounce range until there is some kind of ceasefire or the conflict subsides.
Although gold is down, Everett Millman, market analyst at Gainesville Coins, said that the gold market will continue to attract safe haven flows due to the Israel-Hamas conflict. He forecasts that gold will fluctuate above the $1,900/ounce range until there is some kind of ceasefire or the conflict subsides.
Note
Colin Cieszynski, market strategist at SIA Wealth Management, is bullish on gold prices this week. He said that falling US Treasury bond yields, a weakening USD and geopolitical uncertainties continue to be factors driving gold's rise.Note
SELL XAUUSD 1940- 1942✅TP1 1930 ✅✅
✅TP2 1925 ✅✅
❌SL 1947
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