Gold was traded at $1,790 at the start of the day. Meanwhile, Incrementum AG executive, CEO of Soar Financial Group, and the Economies team made gold forecasts. While Incrementum AG said that gold could hit all-time highs in a few months, the Economies team stated that they think gold will decline for today. Request cryptocoin.com The comments we compiled as…
Incrementum AG managing partner: We are not far from the dates when the gold price will hit its all-time high
According to Ronald-Peter Stoeferle, managing partner of Incrementum AG, global financial markets have reached a “monetary tipping point.” After this tipping point, inflation will continue to rise, real interest rates will remain in the negative or near zero percent zone, and monetary policy will become less effective for markets than fiscal policy; this will be a period of financial domination.
“The perception towards gold is already so negative that it is at the point where the price could hit all-time highs in the next few months,” Stoeferle said. That’s why we’re not that far from the record.” Stoeferle said the severe pessimism in the gold industry bodes well, from a contrary perspective. In Bitcoin, however, he noted that the next phase of pricing has not yet begun.
Economies team: We are in the “bear trend” for today
Kai Hoffmann, CEO of Soar Financial Group, talked about why gold should be bought when the S&P 500 is constantly rallying and other base metals are likely to outperform in the medium-term outlook. Hoffmann noted that miners’ margins are “squeezed” as the price of gold remains stagnant while input costs soar. However, he said funding options still remain.
Meanwhile, the Economies team shared its gold analysis for September 13 and says that the gold price closed below the 1797.00 level last Friday, which puts the price under negative pressure in the coming sessions. As the first stop, gold is expected to visit $1,770.
Therefore, a bearish trend is expected on an intraday basis, given that a break and hold above the $1,797 level will lead the price to rebound and essentially head towards 1.825. According to the team, the expected trading range for today is between 1770.00 support and 1805.00 resistance. According to the team, the expected trend for the day is the bear trend.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.