The next target for gold price is the 2,580-2,585 zone.
Gold prices are expected to remain stable this week, with 60% calling for a sideways trend. The remaining 40% see gold prices rising. In an online Main Street poll, 62% of retailers see gold rising, while 21% see gold falling.
senior market strategist at Forex, sees gold prices rising. Gold investors are still in control. After the gold price fell, buying orders immediately increased. The market is ready to wait for an opportunity for gold to break above $2,500 an ounce.
Sean Lusk, director of commercial hedging at Walsh Trading, said the gold market is changing so quickly that it is difficult for traders to predict the direction.
Lusk expects gold prices to rise higher by the end of the year
senior market strategist at Forex, sees gold prices rising. Gold investors are still in control. After the gold price fell, buying orders immediately increased. The market is ready to wait for an opportunity for gold to break above $2,500 an ounce.
Sean Lusk, director of commercial hedging at Walsh Trading, said the gold market is changing so quickly that it is difficult for traders to predict the direction.
Lusk expects gold prices to rise higher by the end of the year
Note
SELL gold 2427 - 2429
TP1: 2421
TP2: 2414
SL: 2435
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