🔥 XAU/USD - IMPORTANT ANALYSIS OF GOLD

5 มี.ค.

By checking the gold chart in the daily time frame, we can see that the price last day, after it finally penetrated above $2088 and failed the downward scenario, faced a stunning growth and has managed to grow up to $2123! I had an analysis on January 14, 2024 that I said that only if the price manages to penetrate above $2088, we will see gold grow to $2149! According to the analysis we presented yesterday, exactly the same thing happened and with the break of the $2088 resistance, our bearish scenario failed and the price is moving powerfully towards its last ATH! We haven't seen a strong sign of price correction yet, and until it is proven otherwise, we can expect the price of gold to rise more! Key point : As you can see, gold, with its amazing growth, has created a lot of liquidity voids at different levels, which I expect to be filled in the medium term with the price fall!

Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !

Best Regards , Arman Shaban

5 มี.ค.

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Gold Price Forecast : An Overview

According to various research and predictions, the future of gold prices seems promising. Here’s a summary of the forecasts:

J.P. Morgan Research: They expect gold prices to peak at $2,300/oz in 2025, based on Fed rate cuts, falling U.S. real yields, and central bank buying. Gold is the only structural bullish call they hold for the commodities sector in 2024 and 2025.

LongForecast.com: They predict that gold prices will average $2,025/oz in the first quarter of 2024, and then gradually rise to $2,290/oz by the end of 2027. They also project that gold will hit a monthly high of $2,337/oz in December 2026.

FXStreet: They reported that gold prices jumped to a fresh two-month high above $2,070/oz on Friday, March 1, 2024, as the benchmark 10-year U.S. Treasury bond yield dropped to 4.2%. They also suggest that gold prices could extend their rally towards the next resistance near the $2,065/oz region, en route to the $2,100/oz round figure.

These are some of the possible scenarios for gold prices in the future, but they are not guaranteed to happen. Gold prices are subject to change depending on various factors and events that may occur in the global economy and politics. Therefore, it is advisable to do your own research and analysis before making any investment decisions involving gold. 🌟