Start the month launching, long-term gold trading strategy
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Gold prices experienced a dramatic sell-off last week. Gold continuously plummeted when the US Federal Reserve (Fed) kept interest rates unchanged at its September policy meeting and reiterated that interest rates will remain at higher levels for a longer period of time than previously predicted.
Kitco News' latest gold survey shows that most market analysts are optimistic that gold will recover in the near future, while retail investors are cautious after going through 7 versions. failed link next.
Specifically, among Wall Street analysts consulting Kitco News' gold survey, 54% expect to see higher gold prices this week, 31% expect prices to decline. Meanwhile, 45% of retail investors participating in online tours expect gold to increase this week, 41% predict prices will be lower. Retail investors expect gold to trade around $1,872/ounce this week, $64 lower than last week's expectations, but $23 higher than the current trading price. .
Everett Millman, market analyst at Gainesville Coins, believes that gold's recent decline is mainly due to seasonal factors. He forecasts that this precious metal will start the fourth quarter with a strengthening level.
Kitco News' latest gold survey shows that most market analysts are optimistic that gold will recover in the near future, while retail investors are cautious after going through 7 versions. failed link next.
Specifically, among Wall Street analysts consulting Kitco News' gold survey, 54% expect to see higher gold prices this week, 31% expect prices to decline. Meanwhile, 45% of retail investors participating in online tours expect gold to increase this week, 41% predict prices will be lower. Retail investors expect gold to trade around $1,872/ounce this week, $64 lower than last week's expectations, but $23 higher than the current trading price. .
Everett Millman, market analyst at Gainesville Coins, believes that gold's recent decline is mainly due to seasonal factors. He forecasts that this precious metal will start the fourth quarter with a strengthening level.
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XAUUSD SELL 1848 - 1850TP : 1838
TP : 1828
SL : 1860
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