Hello guys,
Gold has find a support at 2325 and possibly we could see a reverse from there.
Breaking below the 2325 will send us to 2300, this could happen if the Infaltion number are rising.
Anyway, the long run the #US10Y will drop but slowly, and the global demand for the Gold esecially from Chine declined a but but remains high.
The collapsing Chinese stocks, as well as rela states and low interest rates in China all motivated Chinese investors to turn to preserve the money in GOLD.
The annual forecast for Gold prices has been between 2300-2400 by some instistutes, however other banks lifted their gold price forecast by year end to 2700.
Gold has find a support at 2325 and possibly we could see a reverse from there.
Breaking below the 2325 will send us to 2300, this could happen if the Infaltion number are rising.
Anyway, the long run the #US10Y will drop but slowly, and the global demand for the Gold esecially from Chine declined a but but remains high.
The collapsing Chinese stocks, as well as rela states and low interest rates in China all motivated Chinese investors to turn to preserve the money in GOLD.
The annual forecast for Gold prices has been between 2300-2400 by some instistutes, however other banks lifted their gold price forecast by year end to 2700.
signalsview.com
Contcat us to activate systems and access trading signals
Contcat us to activate systems and access trading signals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
signalsview.com
Contcat us to activate systems and access trading signals
Contcat us to activate systems and access trading signals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.