Optimism is back, Gold price uptrend
The world gold price tends to increase with spot gold increasing by 1.6 USD, so with last week's closing session it increased to 1,926 USD/ounce.
Kitco News's recent gold survey shows that optimism is returning to the market. However, some analysts warn that there is still not enough momentum to break through key resistance levels.
The outlook for gold improved as gold prices rose slightly in the last session of the week, a three-week losing streak with support above $1,900 an ounce as the latest report showed job growth at I had eased. The pace in June caused the labor market to weaken somewhat.
This week, among analysts referencing Kitco News gold survey, 53% are optimistic about gold in the near term. Meanwhile, 38% of retail investors think prices will increase this week.
According to the survey, retail investors forecast gold prices to come in at $1,941 per ounce by the end of this week.
XAUUSD BUY 1921 - 1923💯💯
✅ TP1: 1927
✅ TP2: 1933
✅ TP3: 1938
🛑 SL: 1915
Kitco News's recent gold survey shows that optimism is returning to the market. However, some analysts warn that there is still not enough momentum to break through key resistance levels.
The outlook for gold improved as gold prices rose slightly in the last session of the week, a three-week losing streak with support above $1,900 an ounce as the latest report showed job growth at I had eased. The pace in June caused the labor market to weaken somewhat.
This week, among analysts referencing Kitco News gold survey, 53% are optimistic about gold in the near term. Meanwhile, 38% of retail investors think prices will increase this week.
According to the survey, retail investors forecast gold prices to come in at $1,941 per ounce by the end of this week.
XAUUSD BUY 1921 - 1923💯💯
✅ TP1: 1927
✅ TP2: 1933
✅ TP3: 1938
🛑 SL: 1915
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