Gold Price Forecast Eagle

Gold remains in a weekly downtrend but has found support at both the 50 week moving average and the 10 month moving average in a bull market it is not unusual for gold to use these levels as support.

Gold price forecast eagle. Last week s trading saw gold once again forming its high in monday s session here doing so with the tag of the 1898 00 figure december 2020 contract. Gold eagle has been analyzing gold markets and publishing gold price forecasts for over 23 years. High price 2683 low 2427.

The average for the month 2568. Gold price forecast for december 2022. The context is important since.

In the beginning price at 2567 dollars. Gold and precious metals are in a new bull markets that should last well into 2030. The destruction of goods and services combined with unprecedented money printing is creating a perfect inflationary storm.

Gold price forecast 2021. As you know price peaked near 2100 last summer and finished the year at 1901. We expected the same conditions that drove price in 2019 to continue into 2020 and published a forecast back in early january of 1800 comex gold.

From there a sharp decline was seen into thursday s session with the metal dropping all the way down to a low of 1850 00 before bouncing off the same into midday on friday. The gold price forecast at the end of the month 2555 change for december 0 5. It is entirely possible for gold to start moving away from these levels and resume this bull market over the next few weeks.

Gold has been rallying in december 2020. Their assessments of gold price trends are based on a variety of methods including. The average for the month 2558.