GOLD - The uptrend is still maintained

Last week, the world gold price experienced a decline from its all-time high of $2,080 per ounce. However, market experts remain optimistic about the future of the industry. Gold is still deemed a lucrative investment option, second only to real estate.

As per the World Gold Council, central bank gold demand is anticipated to grow in the long run. In the first quarter of 2023, central banks purchased a record-breaking 228 tons of gold.
A survey conducted on Wall Street with 19 analysts revealed that 42% of them predict an increase in gold prices in the near future, while 42% predict a decline. The remaining 16% believe that the gold price will remain stable in the coming days.

Despite a 2% drop in the last session of the week, the gold price still stands above $2,000 per ounce. With investors remaining optimistic, the gold market is expected to rise at any given moment.

Trading plan

SELL GOLD soup price range : 2019 - 2021

Stoploss : 2024

Take Profit : 2005
Take Profit : 1990

BUY GOLD soup price range: 1989 - 1991

Stoploss : 1986

Take Profit : 2015
Take Profit : 2040

Note : TP, SL full to be safe and win the market !

Comment:

Plan SELL +60PIPs