Prediction of gold movements in the first quarters of 2021
Based on the research of the epidemiological situation in the world, but also in America, as well as the economic strength of the world's leading countries, I present to you the prediction of the movement of gold in the first and second quarters of 2021. This prediction is made on the basis of currently available information and consequently the prediction itself may change.
After the information that the vaccine for the so-called Coronavirus is effective in 90% of cases, the price of gold has dropped significantly. We can notice that gold respects the downtrend and according to current information, it will continue on that path. My expectations are that by the first quarter, gold will be between 1850 and 1650 prices per ounce.
After that, in the second quarter of 2021, we can expect an attempt to stabilize the dollar by the new president Joe Biden, in order to recover his country from the damage caused by CoronaVirus. This will significantly affect the price of gold and we can expect a change in the trend and a price higher than 2000 dollars per ounce.
I repeat, this prediction is based on current information and there is a possibility of changing it.
Do not take this analysis as confirmation for further trading, but keep it in mind. All the best and regards from StoleFX.
After the information that the vaccine for the so-called Coronavirus is effective in 90% of cases, the price of gold has dropped significantly. We can notice that gold respects the downtrend and according to current information, it will continue on that path. My expectations are that by the first quarter, gold will be between 1850 and 1650 prices per ounce.
After that, in the second quarter of 2021, we can expect an attempt to stabilize the dollar by the new president Joe Biden, in order to recover his country from the damage caused by CoronaVirus. This will significantly affect the price of gold and we can expect a change in the trend and a price higher than 2000 dollars per ounce.
I repeat, this prediction is based on current information and there is a possibility of changing it.
Do not take this analysis as confirmation for further trading, but keep it in mind. All the best and regards from StoleFX.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.