Gold (XAU/USD) prices set a high earlier in the year, but have lost momentum since then. There is a divergence in drivers and strong, traditional relationships have broken down. Analysts at ABN AMRO are cautious on the outlook for Gold prices and keep their forecast at $2,000 per ounce for December 2024.
“Gold prices this year were supported by: investors buying the Yellow Metal on the futures markets and in other forms; central banks forming Gold reserves; technical picture. The rally has lost momentum since the high of $2,450 that was set on 20 May 2024. Prices are already under the 50-DMA.”
“The important support zone is $2,220-2,275, where previous tops and bottoms are layered. Below that level, the next support zone is $2,115, where the 200-DMA comes in. If prices decline below the 200-DMA the long-term trend turns negative.”
“We remain cautious for the outlook for Gold prices: the trend in Gold prices is positive, but the momentum is declining; it is unusual for Gold prices to have positive relationships with the US dollar and 5yr and 10yr US real yields; there is no shortage in physical Gold. We keep our year-end forecast of $2,000 per ounce for now.”
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.