GOLD Price Prediction for Next Week
GOLD Price Prediction for Next Week
Hello Guys'
You can see that the chart is currently in Uptrend and showing
bullish sentiments overall.
And when there is uptrend then you want to look for significant
volume accumulation zones to find a good entry.
We are now seeing an accelerated flight of
investors to the "safe havens". In addition to precious metals,
government bonds are also in greater demand again.
On the other hand, the European stock markets are repeatedly
coming under pressure as a result of the war in Ukraine. The Bitcoin price
continues to be subject to significant fluctuations. Because the price
movements in cryptos are still heavily influenced by speculative and technical
factors. That is why the digital currencies have not yet imposed themselves on
a broader mass of investors as an actual safe haven currency.
In contrast, this crisis shows once again how
important it is to own precious metals in physical form. It shows
the true value of gold
But That doesn't mean, however, that the price of gold will go up
forever. If the fog of the crisis clears for a short time, then we will also
see significant corrections in precious metal prices again. Because of course
the price of gold is also driven by a speculative component.
With the breakout above USD 1,920, the bulls in gold neutralized
the downtrend
Even if the current situation in Ukraine is the dominant factor in
the financial markets, the economic and monetary policy catalysts should still
be kept in mind.
The US job market report for February was better than expected.
Officially, 678,000 new non-farm jobs were created last month (Non-farm
Payrolls)
So Overall the Gold is Expected to create a new ATH soon
