Gold continues to increase thanks to the decline of USD
Updated
Gold continued to increase strongly last week, amid the ongoing conflict in the Middle East. The precious metal trades close to the $2,000/ounce mark and all-time highs appear to be in the not-too-distant future.
Kitco News' latest weekly gold survey shows retail investors remain bullish on the precious metal, while market analysts expect a turnaround after a prolonged surge. these two weeks.
Ole Hansen, head of commodity strategy at Saxo Bank believes that gold prices will fall this week, "not because the bullish momentum has disappeared but because the market needs to consolidate with the $1,985 resistance level." /ounce".
Kitco News' latest weekly gold survey shows retail investors remain bullish on the precious metal, while market analysts expect a turnaround after a prolonged surge. these two weeks.
Ole Hansen, head of commodity strategy at Saxo Bank believes that gold prices will fall this week, "not because the bullish momentum has disappeared but because the market needs to consolidate with the $1,985 resistance level." /ounce".
Note
SELL XAU 1972 - 1974TP1: 1965
TP2: 1960
SL: 1982
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