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Gold changes its course. Forecast as of 06.04.2021 XAUUSD pri | LiteFinance

Gold changes its course. Forecast as of 06.04.2021

XAUUSD prices were unable to drop more than 20% from the levels of August record highs and move to the bear market. What will this mean for gold? Let us analyze the gold outlook and make up a trading plan.

Monthly gold fundamental forecast

Even though the first quarter for gold was the worst since 2016, and its price reached the target of $1,675 per ounce set in the previous article, my attitude towards the precious metal is changing. Over the past four weeks, I have recommended traders to focus on selling XAUUSD. Now the inability of traders to lower prices into the bear... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cuiQ