Gold Price Forecast: XAU/USD to settle back at around $1,875 on a three-month period – Standard Chartered Gold XAUUSD RiskAppetite Banks
High probability of XAU/USD overshooting in the very short term
“Investor positioning remains far from extremes, suggesting it is unlikely to stand in the way of further gains. These suggest there is a reasonably high probability of XAU/USD overshooting in the very short term, especially if banking sector fears persist. Having said that, we are mindful that Gold helps mitigate“Over a longer three-month period, we would not chase recent gains excessively and instead expect Gold to settle back at around $1,875.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Gold Technical Analysis: Gold Price is Still the StrongestXAU/USD gold futures surpassed the historical psychological resistance barrier of $2000 an ounce.
Les mer »
Gold Key Comics Returns To Publish Boris Karloff’s Gold Key MysteriesBleeding Cool announces the return of Gold Key Comics with Boris Karloff’s Gold Key Mysteries 1, with Kickstarter registration available now
Les mer »
Gold Price Forecast: XAU/USD to head gradually toward $2,055/75 – SocGenGold has embarked on a steady up move. Economists at Société Générale expect the yellow metal to enjoy further gains toward the $2,055/75 region. Rece
Les mer »
Gold Price Forecast: XAU/USD bears are stepping in below $2,000The Gold price is carving out a topping pattern below the highs of the $2,000s that were scored at the start of this week. At the time of writing, Gol
Les mer »
Gold Price Forecast: XAU/USD grinds beyond $1,940 support, banking crisis, Federal Reserve in focusGold price (XAU/USD) struggles for clear directions around $1,980, following a pullback from the yearly high above $2,000, as markets slip into the ca
Les mer »
Gold Price Forecast: XAU/USD to see another run higher on a sustained break above $2,000Gold price consolidates previous losses. XAU/USD has more room to the upside on acceptance above $2,000, FXStreet’s Dhwani Mehta reports. Retracement
Les mer »