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Autor Subiect: YLG sees long-term gold price still bullish.  (Citit de 128 ori)

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YLG sees long-term gold price still bullish.
« : 12 Ianuarie 2021, 09:47:23 am »





Ms. Thipa Navawatthanasup, Chief Executive Officer of YLG Bullion and Futures Co., Ltd. (YLG), revealed that the price of gold dropped quite a lot at the end of the week until the beginning of this week until it broke support. Important to the lowest level of 1,817 US   สล็อตxo  dollars an ounce. Before bouncing back to US $ 1,856 an ounce But yesterday couldn't stand above that level, causing the direction to sway outward to accumulate power.
The reason for the short-term drop in gold prices comes from a rise in risky assets, such as the stock market, which accepts arrangements for the transfer of power from President Donald Trump to Joe Biden. Capital flows from safe assets, including gold and bonds. Especially the 10-year US government bond that was sold. The US 10-year bond yield rose. The higher US bond yields are a factor to put pressure on gold as a non-yielding asset.

 


However, the decline in gold may stagnate to accumulate power. But in the long term, the trend is still an uptrend. It is expected that after Mr Biden took office, a series of stimulus measures would be needed to cure those affected by COVID-19. The quantitative easing (QE) policy will lead to massive inflows of money into the system and accelerate inflation. Gold remains an attractive choice for investors as a safe haven. Although vaccines are now available in many countries. But the uncertainty still remains high. In addition, the economy will take 1-2 years to return to normal, so the interest rate will remain low for 1-2 years, which will cause gold to continue to rise.




For the trend of the movement of gold prices in the short term. Recommend investors to keep an eye on the short-term support 1,840-1,838 US dollars per ounce. If falling, suggest a buy point retraction to support 1,817 US dollars per ounce. The resistance is 1,866-1,856 US dollars an ounce. If prices still cannot stand at this resistance, short-term investors are advised to sell off. If able to pass, it may continue to wait to sell at the next resistance area. For a wide picture, if you pass US $ 1,965 per ounce, you will have a chance of reaching US $ 2,000 per ounce.

Ishaan25

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Re: YLG sees long-term gold price still bullish.
« Răspuns #1 : 19 Ianuarie 2021, 06:38:24 am »
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