XAU USD

We try to buy in 15 minutes and put SELL STOP instead of stop

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In the next few days, we will see a revenue-generating move

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Wait until the triangle breaks from the bottom

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For many analysts, the gold market is caught in a tug of war between growing expectations for a stronger-than expected economic recovery and rising inflation fears. However, according to the latest Kitco News Weekly Gold Survey, both Wall Street and Main Street expect inflation to tip the scales and push gold prices higher.

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This week, 15 analysts participated in the survey. A total of nine voters each, or 60%, called for gold prices to rise next week; meanwhile, bearish and neutral votes garnered three votes or 20% each.

At the same time, 1,581 votes were cast this past week in online surveys. Among those, 1063 or 67% said they were bullish on gold next week. Another 275 participants, or 17%, said they were bearish, while 243 voters, or 15%, were neutral on the precious metal.

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However, not everyone is convinced that gold is ready to move higher. Charlie Nedos, senior market strategist at LaSalle Futures Group, said he expects gold prices to continue as the 200-day moving average around $ 1,861 acts as a relatively strong wall.

He added that he thinks the market is waiting for more information about Biden's proposed stimulus program.

maysampaknejad

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