I expect a calm and stable week for gold. My weekly closing forecast is $2080-$2100.
While weekly momentum indicator is falling, price is rising. This indicates that gold prices will rise steadily.
Note : Due to the American debt crisis; individual investors, companies and central banks continue to buy gold.
Gold is expected to reach $3000 in long term.
While weekly momentum indicator is falling, price is rising. This indicates that gold prices will rise steadily.
Note : Due to the American debt crisis; individual investors, companies and central banks continue to buy gold.
Gold is expected to reach $3000 in long term.