Gold trading chart by Fibo, Sto and Momentum
Precious metals are lacking a catalyst to
increase prices. This expert noted that the
gold market is in a positive macro mode and is
growing but there are no strong buying
signals. The market is in a spiraling pattern,
fluctuating with a narrow range and waiting for
a new catalyst to break out.
Besides, many experts believe that gold prices
will rise higher as seasonal factors can play a
larger role in price action and are positive
factors for gold. In the next few months,
demand for gold is forecast to be high as
some Asian countries, including China and
India, are at their peak gold consumption of
the year.
increase prices. This expert noted that the
gold market is in a positive macro mode and is
growing but there are no strong buying
signals. The market is in a spiraling pattern,
fluctuating with a narrow range and waiting for
a new catalyst to break out.
Besides, many experts believe that gold prices
will rise higher as seasonal factors can play a
larger role in price action and are positive
factors for gold. In the next few months,
demand for gold is forecast to be high as
some Asian countries, including China and
India, are at their peak gold consumption of
the year.
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