Gold prices seem to be positive after leaping over $ 1,900. Giant gold targets come from popular analysts and experts. Lee Munson, Chairman and CIO of Portfolio Wealth Advisors, said that Gold will rise to $ 2,200 before the federal reserve interest rates begin to increase. Popular Gold Analyst Rajan Doll announced his gold estimates. Master Analyst Rajan Doll pointed to the $ 1,930.3/ounce level for gold price.
Rajan DHALL: Gold prices are going to $ 1,930.3/ounce
Popular Gold Analyst Rajan Doll interpreted the precious metal market and set critical levels. Analyst thinks that the rally in Gold will continue and emphasizes that the next movement will be to $ 1,930.3/ounce. Rajan Doll adds to his comments on the subject:
The techniques in the gold graphics have recently been great. The price rises in short -term graphics and the weekly graph seems to be just a decrease in a long -term bull market, with withdrawal to $ 1.716.6/ounce (March) level. The most important feature in the weekly graph is that the price is currently going to $ 1,923.7/ounce, the highest level of all time since September 2011. As the EU session entered the EU session yesterday morning, the price started over $ 1,900/ounce market and allowed me to think that today’s rally would continue. In addition to the importance of the red -shaded region, the 61.8 Fibonacci retreat level is not too far away, but is about $ 1,930.3/ounce. Now the bull flag pattern has been broken, you can see how pronounced some of the last breaks in the previous rally. Since 2019, there are some good graphic patterns and the current model is much larger, but the pioneering indicator remains the same. As a result, the bulls are still responsible for this market, but we should pay attention to the price movements that surround these key price zones.
Kriptokoin.comAs we have reported before, for more gold estimation “Gold prices estimates: These giant levels are coming! So when?”You can review our article.
