Gold Trading Strategy August 14, 2023
Looking back at gold's performance, the World Gold Council (WGC) assessed that, although it is struggling to find new growth drivers, the gold market is still in a pretty good state. In its recent report, the WGC noted that healthy physical demand led to the highest average quarterly gold price in the second quarter.
World gold price this morning tended to increase with spot gold increasing by 1.3 USD, so with last week's closing session, it was 1,914.4 USD/ounce.
Among the analysts surveyed, 31% think prices will increase; 31% forecast prices to fall; 38% neutral on gold this week. Among retail investors taking online polls on Main Street, 56% are optimistic that gold will rise this week; 27% predict lower prices; 17% think prices are flat.
Retail investors are expecting gold to end this week around $1,974 an ounce.
.XAUUSD BUY 1911-1913💯💯
✅ TP1:1927
✅ TP2: 1929
SL: 1905
World gold price this morning tended to increase with spot gold increasing by 1.3 USD, so with last week's closing session, it was 1,914.4 USD/ounce.
Among the analysts surveyed, 31% think prices will increase; 31% forecast prices to fall; 38% neutral on gold this week. Among retail investors taking online polls on Main Street, 56% are optimistic that gold will rise this week; 27% predict lower prices; 17% think prices are flat.
Retail investors are expecting gold to end this week around $1,974 an ounce.
.XAUUSD BUY 1911-1913💯💯
✅ TP1:1927
✅ TP2: 1929
SL: 1905
