Gold markets rose from a significant level of support dating back to a depth of $ 20 during the week. Ones Gold Markets rise, $ 1,955, while the value of gram gold at 933 pounds closed the week. So, what is expected for next week? Here are the comments of Gold Analyst Christopher Lewis…
Will the price of gold continue to recover? Here are the views of the analyst
Kriptokoin.comAs we have reported, the gold markets leaped significantly from the level of $ 1,920, an area that initiates an important support area. “I believe that the gold level is the lowest level of this support level and as long as we can stay above all of them, I believe that the gold has the chance to remove the double hill, and added:
Of course, a significant amount of acceleration and effort will be required for this to happen, but the basic floor shows that gold can continue to recover. By keeping this in mind, I believe that it should be very careful to the level of $ 2,000, as it is a big, rounded, psychologically important figure.
What does technical analysis show for gold?
As long as you do not play with smaller positions than the analyst, it will be difficult to play in this market in the long run, but you can build it as time goes on. “As a result, this is a market that I think it will be very noisy and will continue to be thrown around by the political events and the bond market, but it still moves upward with the current situation,” he says. “No matter what, it will require a significant amount of patience, so you need to be aware that you may need to be willing to go through too much volatility,” he warns volatility by adding the statements.
So, what do technical analysis show? According to Lewis’s analysis, if we fall below $ 1.880 at prices, we can look at the 50 -week EMA. This would be a downward movement to the $ 1,831 level. However, according to the analyst, it is worth mentioning that the indicator curls higher, so it shows that there are receivers that come to the market based on the market.
