BNP Paribas has raised its gold price forecast

“There are reasons to increase our gold price forecasts in recent weeks,” said Anna-Laura Tremblay, an analyst at BNP Paribas. The decision to keep interest rates close to zero until 2013. In this context, gold prices rose 18% on August 23 to a record high of $ 1912 per ounce. “ The strengthening trend towards … Read moreBNP Paribas has raised its gold price forecast

Gold Forecast for Aug 18, 2021: 50-Day EMA Barrier

Gold Forecast for Aug 18, 2021: 50-Day EMA Barrier

The gold rate rose during the last trading session, but ran into an obstacle at the 50-day moving average. The 50-day EMA is a technical indicator that many traders pay attention to, and the fact that the precious metal has retreated from there indicates a depletion of momentum. This is an interesting move as the … Read moreGold Forecast for Aug 18, 2021: 50-Day EMA Barrier

Silver forecast for July 16, 2021: continued consolidation

Silver forecast for July 16, 2021: continued consolidation

Initially, silver tried to rally during Thursday’s trading, reaching the 50-day indicator, but then returned profit and formed a candle that was not the most attractive for buyers. The metal is likely to continue to consolidate as the market is short of catalysts at the moment. Silver remains sandwiched between the 50-day and 200-day EMA. … Read moreSilver forecast for July 16, 2021: continued consolidation

Gold and Silver Price Forecast: Will Precious Metals Go Higher? – opinions differ. Nassim Taleb smashes bitcoins

Gold again decisively breaks up and during yesterday’s trading session touched the $ 1,830 mark, but silver does not confirm such a bullish sentiment: it continued to storm the $ 26.50 level per ounce, but not very convincingly. When gold and silver move in tandem, it usually indicates a bullish market sentiment. Gold: Possible Reasons … Read moreGold and Silver Price Forecast: Will Precious Metals Go Higher? – opinions differ. Nassim Taleb smashes bitcoins

Silver Price Forecast for July 13, 2021: Further Consolidation

Silver Price Forecast for July 13, 2021: Further Consolidation

On Monday, the Gold rate was moving in a limited channel, staying above the 200-day moving average. At the moment, it looks like the precious metal feels very comfortable just above the $ 26 area. The 50-day moving average continues to provide resistance, however, it rushed downward, which puts a little bearish pressure on the … Read moreSilver Price Forecast for July 13, 2021: Further Consolidation