A registered technical analyst made a new prediction for gold prices and said that the long-term metal could sit in the range of $ 7,500-10,000. Kriptokoin.comWe have compiled the analysts of analyst AG Thorson…
Ag Thorson’s gold prices estimated: 7,500-10,000 dollars in 10 years!
The analyst, who draws attention to the daily Vaneck Gold Miners ETF graph, technically said that gold miners have returned to the vicinity of the 31.00 dollar lock fracture level and support the potential of an upward formation or bear trap. According to the analyst, a continuous break on the 200 -day moving average (MA) may indicate the higher start of the next stage. In the long term, he says he has seen a significant bottom potential if prices protect $ 31.
On the other hand, in terms of daily gold -term transactions graph, the intermediate cycle of gold hit the bottom at the beginning of August, a 12 -month drop trend line on the line of a break, the next foot in precious metals may indicate that the next foot. According to the analyst, until the gold futures transactions become clear between $ 1,900 and $ 1,925, precious metals will remain vulnerable to more horizontal consolidation.
On the other hand, the Analyst says that in the long run, it protects a strong appearance on the yellow metal and says that gold will reach a level between $ 7,500 and $ 10,000 on the basis of US dollars at the end of 10 years.
