As the USD gains strength, gold is dipping lower. It could either be a correction or a reversal.
However, the RSI indicates an oversold condition while the MACD histogram is in the red. There is also a good degree of MACD separation indication that this move may continue.
The next support is at 1863.24.
However, below is also some comment from the Citibank’s analysts for your consumption:
“We lift the 2021E base case gold price forecast by ~$300/oz, versus our early July update, to a record $2,275/oz.”
“Maintain our 0-3m point-price target at $2,200/oz and a 6-12m target at $2,400/oz.
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Tinggalkan pesan Anda sekarang