Evaluation of Kitco site about gold market Sunday, April 18
According to the weekly assessment of the Kitco News site, with the penetration of the global ounce gold price above the key resistance of $ 1765, all market professionals expect a further increase in the global ounce gold price.
This week, 13 Wall Street activists took part in the weekly evaluation of the Kitco site. All 13 predict that the global gold ounce trend will be bullish next week. Meanwhile, 1,103 Main Street investors took part in an online poll. 65% are in favor of an uptrend, 18% are in favor of a downtrend and 17% are in favor of a trendless or neutral market.
Analysis of market professionals
Ole Hansen is Saxo Bank Senior Market Strategist
"The XAUUSD bullish jump from $ 1680 has eased the minds of gold buyers and gold will soon reach higher levels." The activist said he would buy gold after rising on Thursday. According to him, the loss limit of the purchase transaction should be in the range of $ 1755. According to Hansen, the main factor driving up the price of an ounce of global gold was the decline in Treasury yields and the weakening of the US dollar.
Phillip Streible is the senior market strategist at Blue Line Futures
This professional activist also wants to enter into a buy deal after the recent price peak in the market. However, he believes that the loss limit of the purchase transaction should be determined with great care and with the increase in the price of gold, the loss limit should also be increased.
Darin Newsom Independent Market Analyst
According to this professional activist, the price of an ounce of world gold can rise to the peak of $ 1822. "After the break of this price peak, Pulbeck will probably be $ 1765. "However, the ounce of global gold is behaving in such a way that it seems to want to reach higher prices."
John Weyer, CEO of Walsh Trading
This professional activist focuses on the $ 1,785 resistance. According to him, if inflationary pressures intensify, the price of an ounce of global gold could reach above $ 1,800.
Adam Button Senior Market Strategist at Forexlive.com
According to Adam Button, the price of an ounce of world gold could rise to $ 1,840.