Gold Technical Analysis
Gold tested below the 1900$ level twice. But the price could not break the 1900$ level. If the price can rise above the 1950$ level, the new target may be the 2000$ level. The analyzes and comments for the long and medium term gold are still valid. Along with gold, on the silver side We see a similar rise.
Gold Fundamental Analysis
There is demand for gold to be protected from global inflation. This week, the ECB mentioned the possibility of stagflation. As the rise in interest rates will affect global growth, the returns of stocks and stock markets may decrease. This makes the tendency to gold strong.
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Gold tested below the 1900$ level twice. But the price could not break the 1900$ level. If the price can rise above the 1950$ level, the new target may be the 2000$ level. The analyzes and comments for the long and medium term gold are still valid. Along with gold, on the silver side We see a similar rise.
Gold Fundamental Analysis
There is demand for gold to be protected from global inflation. This week, the ECB mentioned the possibility of stagflation. As the rise in interest rates will affect global growth, the returns of stocks and stock markets may decrease. This makes the tendency to gold strong.
💙If you found this post helpful, please like and follow to support.