The price of Gold is in a certain phase of consolidation near the level of 1850$. Most likely, metals will remain positive against the backdrop of higher interest rates in the world, as well as geopolitical instability. Economists at Deutsche Bank expect the yellow metal to remain attractive as a safe asset and forecast XAUUSD at 2100$ by June 2023.
Rising real rates are a headwind for gold. However, the same Deutsche Bank assumes that the market has already priced in the peak of the hawkish policy in terms of rate forecasts.
The hedge characteristics of gold may also come to the fore. As market volatility is likely to continue to be fueled by concerns about inflation, recession and/or geopolitics, gold demand should therefore be well supported by investor demand. Deutsche Bank forecast for XAUUSD at 2100$ in June 2023.
For the coming week, it will be profitable to expect growth, in terms of risk/reward ratio, from the level of 1830$, where the support is located. The growth target will be the level of 1856$. Given the resistance line (indicated on the chart), then in the more medium term, we should expect the level of 1880$.
🔥GOLD Forecast Results🔥
⭐️GOLD: forecast for May 30-Jun 3 👉 +1900 points✅:
⭐️GOLD: forecast for Jun 6-Jun 10 👉 +2900 points✅:
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👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
Rising real rates are a headwind for gold. However, the same Deutsche Bank assumes that the market has already priced in the peak of the hawkish policy in terms of rate forecasts.
The hedge characteristics of gold may also come to the fore. As market volatility is likely to continue to be fueled by concerns about inflation, recession and/or geopolitics, gold demand should therefore be well supported by investor demand. Deutsche Bank forecast for XAUUSD at 2100$ in June 2023.
For the coming week, it will be profitable to expect growth, in terms of risk/reward ratio, from the level of 1830$, where the support is located. The growth target will be the level of 1856$. Given the resistance line (indicated on the chart), then in the more medium term, we should expect the level of 1880$.
🔥GOLD Forecast Results🔥
⭐️GOLD: forecast for May 30-Jun 3 👉 +1900 points✅:
⭐️GOLD: forecast for Jun 6-Jun 10 👉 +2900 points✅:
➖➖➖➖➖➖➖
👍Thanks for your comments and likes👍
👇🔥LINKS TO PREVIOUS IDEAS AND FORECASTS🔥👇
