Wall Street analysts expressed optimism. Specifically, expectations are up 62%, down 15% and flat 23%. In addition, according to Kitco's online survey, it is predicted that gold price will increase by 54%, decrease by 23%, and move sideways by 23%.
Marc Chandler, General Director of Bannockburn Global Forex, said gold prices increased, breaking a 3-week losing streak, in the context of political instability in Europe and sharply falling interest rates. Gold prices recovered after the US jobs report and the Central Bank of China did not buy gold reserves.
Adrian Day, Chairman of Adrian Day Asset Management, said gold prices are recovering after last week's selling amid more balanced US economic news, weak inflation data and high unemployment claims. more , both are supported for interest rate cuts.
Colin Cieszynski, market strategist at SIA Wealth Management, said gold prices are now poised for a technical bounce from support.
💵
XAUUSD
SELL 2353 - 2356💵
✔️ TP 2343
✔️ TP 2333
❌ SL 2363
💵
XAUUSD
BUY 2314 - 2317💵
✔️ TP 2330
✔️ TP 2345
❌ SL 2308
Marc Chandler, General Director of Bannockburn Global Forex, said gold prices increased, breaking a 3-week losing streak, in the context of political instability in Europe and sharply falling interest rates. Gold prices recovered after the US jobs report and the Central Bank of China did not buy gold reserves.
Adrian Day, Chairman of Adrian Day Asset Management, said gold prices are recovering after last week's selling amid more balanced US economic news, weak inflation data and high unemployment claims. more , both are supported for interest rate cuts.
Colin Cieszynski, market strategist at SIA Wealth Management, said gold prices are now poised for a technical bounce from support.
💵
XAUUSD
SELL 2353 - 2356💵 ✔️ TP 2343
✔️ TP 2333
❌ SL 2363
💵
XAUUSD
BUY 2314 - 2317💵 ✔️ TP 2330
✔️ TP 2345
❌ SL 2308
