Thursday, November 25, 2021


XAU/USD to surge increased above the $2,072 excessive – Commerzbank

Gold is getting used as an inflation hedge. Analysts at Commerzbank consider that the excessive at $2,072 will show to…

By Staff , in Gold , at November 25, 2021


Gold is getting used as an inflation hedge. Analysts at Commerzbank consider that the excessive at $2,072 will show to be a catalystic break level on the topside.

Bullish bias whereas above the 2021 low at $1,677

“Gold is in a long run bull transfer, and can stay so whereas above $1,677 the 2021 low.” 

“The long run goal is the $2,052/72 2020 excessive.”

“Dangers are for an upside break, which if seen (favoured) will goal $2,300/01 and in the end inter-year $2,676/$2,686.”

 



Source link

Comments