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przemyslaw-radomski

Gold's Upside Target Reached - What's Next?

December 21, 2017, 7:25 AM

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How high can gold rally? To $1,270 - $1,290. That’s what we wrote on December 14. Stockcharts’ intraday high for yesterday’s session is $1,271.40, which means that our target area has already been reached. However, gold will remain in the target area even if the rally continues for another $20 or so. Which scenario is likely to play out and when is it likely to play out? Gold’s chart provides answers.

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Jan Market Overview

Gold Market Overview

In this edition of the Market Overview, we will summarize the last year in the gold market from the perspective of its fundamentals. This analysis should help investors better understand the gold market, and draw investment conclusions for the New Year. We will also present our gold outlook for 2018, presenting the base scenario and examining some black swans or potential triggers for the rally in the gold prices. We will focus on the impact of the macroeconomic trends, the Fed’s monetary policy and the U.S. dollar value on the price of gold. Given that in the long run the gold trade is generally about the confidence in the greenback, the fate of this currency may be the biggest driver in the gold market next year.

Read more in the latest Market Overview report.

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