Gold: Weekly Forecast 20210530
Gold was pretty much as bullish as expected, resulting in the biggest monthly gain in 10 months.
The gold continued to prove its value in times of uncertainty and rising inflation, coupled with falling asset prices, causing higher demand for the safe-haven assets.
We continue to see the gold pushing higher towards 1950 before any strong selling may occur.
This week, we shall continue to look for buying opportunities. Should the price pulls back at first, we can look to buy at 1880, followed by 1863.
The gold continued to prove its value in times of uncertainty and rising inflation, coupled with falling asset prices, causing higher demand for the safe-haven assets.
We continue to see the gold pushing higher towards 1950 before any strong selling may occur.
This week, we shall continue to look for buying opportunities. Should the price pulls back at first, we can look to buy at 1880, followed by 1863.
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