Gold prices may skyrocket this week

Buy
2322-2320
TP 2330 - 2345
SL 2310
Forecast
James Stanley - senior marketplace strategist at Forex.com - is one of the specialists forecasting gold charges to upward push subsequent week: "I am looking longer-time period variety resistance, round 2,075 -2,082 USD/ounce for long run support".

Sharing the equal opinion, Colin Cieszynski - Chief Market Strategist at SIA Wealth Management said: "I am positive approximately gold subsequent week. It looks as if gold is prepared for a technical recovery."

In addition, thirteen Wall Street analysts participated withinside the Kitco News Gold Survey. Experts are drastically greater positive approximately the short-time period potentialities of valuable metals.

eight specialists (accounting for 62%) count on gold charges to upward push better this week. Only analysts (or 15%) are expecting charges will decline. The last 3 people (equal to 23%) count on gold to exchange sideways subsequent week.

Meanwhile, 216 votes had been solid in Kitco`s on line poll. Of these, 117 traders (equal to 54%) are expecting gold charges will boom subsequent week. Another forty nine people (equal to 23%) are expecting valuable metals will lower in price. While 50 people (equal to the last 23%) forecast that gold charges can be flat subsequent week./.