Trading entries and why investors are flocking to precious metal

2 de jul.

Asian Session Gold Today is reacting above the 233x zone. With the Trend Rhythm in D1 nevertheless reporting a lower and the Short Frames are reporting an increase. So today`s buying and selling factor I will input in keeping with the vintage charge frames in keeping with help and resistance.
> For Shortwave, you could talk over with Buy Gold Around 2328>2330
SL 2325
TP 2336>234x
If Gold will increase however does now no longer destroy via the 2338>2340 zone, then Canh Sell Gold Always on this Zone
SL 2342
TP 2330>2326
Everyone can display and look ahead to transactions in keeping with the Plan I recommend. The marketplace has new developments. I will replace later
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Gold price forecast
General Director Marc Chandler of Bannockburn Global Forex analyzed that if the price of precious metals increases beyond the mark of 2,350 USD/ounce, it will continue to increase to 2,360 USD/ounce, even conquering the price of 2,400 USD/ounce.

Marc Chandler predicts that the French election and the US employment report are also one of the important driving forces to push investors to pour into precious metals.

David Morrison - senior market analyst at Trade Nation - said that after 2 months of consolidation, developments in the gold market are becoming increasingly attractive, especially when inflationary pressures ease. Morrison forecasts that gold prices will exceed $2,350/ounce in July.

Other analysts noted that gold is still in a strong uptrend as the price remains at the support level above 2,300 USD/ounce.