Some say that Gold will go to 2000$, some say it will go back to 800$, some say strong level the 1100$, some say because is advancing is a signal for a new crisis in the stock markets. What do you thing, where is gonna be in one month, in 2 months, in 6 months in a year or in 2 years from now.
At the Chart is the Daily Candles for Gold, my forecast is that most likely Gold will move to the level of 1145 in the case that would penetrade the Strong resistance of 1100.
I upload the above to intrigue a discussion, not to give forecasts or advices.
I think it's more complicated.
ΑπάντησηΔιαγραφήRising interest rates, driving the dollar down and boosting the interest of the metal.
I reckon that the economy can't afford to raise rates, that will weaken the dollar, and gold will benefit from that.
Prices will continue to increase.
$1,100 is the first level if someone want to sell and make some moeney.
$1,300 during the next year is the second level.
And for the risk-lover the forecast is $2,000 in the next three years.
Finally, I believe that all these are bad news especially if someone looking for an engagement ring!!! :)
Thank you my friend for the comment, definitely iam not gonna need any engagement ring soon :)
ΑπάντησηΔιαγραφήI agree is more complicated but i don't try to find the cause, why price is going up, I am looking at my charts and for the next 1-2 months i say what i believe. Anyway i personally believe that the rise of the Gold is a signal that investors and traders are not so much risk apetite and prefer to buy gold than to invest in other securities.