Strategy to sell gold before 3/7 PMI, Downward forecast

Gold price forecast for this week, among Wall Street analysts polled by Kitco's latest survey, 38% expect prices to rise this week and 38% expect prices to fall. Meanwhile, 37% of retail investors expect gold to rise. 44% of people fear gold, up slightly from last week's survey.

Despite the increased fear, retail investors still expect gold to have a significant increase from current prices and at the end of the week at $1,941 an ounce.

However, some experts remain bullish on gold. Marc Chandler CEO at Bannockburn Global Forex said he is bullish on gold as a bounded change in momentum could take the price slightly higher.

Risks remain in the short term as the gold market does not seem fully priced in terms of future interest rate hikes in the US and elsewhere, while the massive US Government financial need will withdraw payments. and hurt gold

XAUUSD SELL 1926 - 1928💯💯

✅ TP1: 1920
✅ TP2: 1914
✅ TP3: 1908

🛑 SL: 1935

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Running +30Pips ✅

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Running +60Pips ✅