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Conditions look favorable for gold. Forecast as of 19.04.2021 | LiteFinance

Conditions look favorable for gold. Forecast as of 19.04.2021

Unlike the oil market, where prices are based on supply and demand for a physical asset, the gold price is determined by other factors. Let us analyze the gold outlook and make up a trading plan

Monthly gold fundamental forecast

Banks and investment companies are trying to find reasons for the soaring gold price by analyzing the rise in Indian imports to a 2-year high of 98.6 tons, strong demand for physical assets in China, and even the collapse of Bitcoin after the launch of Coinbase. At the same time, technical analysts associate the precious metal's rise with prices exceeding the 50-day... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/6lbB