Currencies34158
Market Cap$ 4.09T-1.21%
24h Spot Volume$ 96.49B-9.03%
DominanceBTC57.62%+0.85%ETH10.72%-1.25%
ETH Gas1.59 Gwei
Cryptorank

Gold Price Surpasses $2000, With Rally to $2500 In-Play


by Watcher.Guru
Gold Price Surpasses $2000, With Rally to $2500 In-Play

In what is a sudden turn of events, the gold price has surpassed the important $2000 mark. Moreover, technical analysis shows that a sustained rally could be in play for the asset. Subsequently, many have predicted that an all-time high is not out of the question for the asset.

For several days, resistance levels stood in the way of the asset’s eventual turn beyond the $1950 mark. Now, Fundstrat’s Mark Newton has predicted that the asset has an “intermediate target” to reach $2500. Subsequently, its current price of $2014 leaves it with immense potential.

Gold

Also Read: Gold Prices Rally Towards $2000; When Will It Reach $2100?

Gold Price Predicted to Reach Heights of $2500

Few assets on the market have become as embraced in recent years as gold. Indeed, the precious metal has become a key investment amid the rather disheartening economic circumstances of the world as a whole. Subsequently, its price has seen massive increases, with it surpassing key psychological levels.

Indeed, the gold price has finally exceeded the $2000 mark, with analysts predicting that there is room for a sustained rally. Specifically, Fundstrat’s Mark Newton told Markets Insider that $2500 is certainly not out of the question for the precious metal.

gold us dollar

Also Read: Gold Prices Skyrocket 15 Points Before Fed Meeting

“This is quite positive technically, and I expect that gold has begun its pushback to a new all-time high,” Newton stated. Moreover, he noted that a move ahead of $2009.41 would eventually catapult the asset to the range of 2060 and 2080.

Thereafter, Newton predicted such an ascension would leave a “definite technical breakout” as a possibility. “My technical target goal for gold is $2500/oz, and it looks appealing to be a long-precious metal given falling real rates, rising cycles, and ongoing geopolitical conflict,” he added.

Read the article at Watcher.Guru

Read More

ByteFederal Launches Crypto Real Estate Service in Florida, Partners with NEO and OPISAS

ByteFederal Launches Crypto Real Estate Service in Florida, Partners with NEO and OPISAS

Bitcoin Magazine ByteFederal Launches Crypto Real Estate Service in Florida, Partner...
Jack Dorsey’s Square Starts Rolling Out Bitcoin Payments for Merchants

Jack Dorsey’s Square Starts Rolling Out Bitcoin Payments for Merchants

Square, the payments company backed by Twitter co-founder Jack Dorsey, just kicked of...

Gold Price Surpasses $2000, With Rally to $2500 In-Play


by Watcher.Guru
Gold Price Surpasses $2000, With Rally to $2500 In-Play

In what is a sudden turn of events, the gold price has surpassed the important $2000 mark. Moreover, technical analysis shows that a sustained rally could be in play for the asset. Subsequently, many have predicted that an all-time high is not out of the question for the asset.

For several days, resistance levels stood in the way of the asset’s eventual turn beyond the $1950 mark. Now, Fundstrat’s Mark Newton has predicted that the asset has an “intermediate target” to reach $2500. Subsequently, its current price of $2014 leaves it with immense potential.

Gold

Also Read: Gold Prices Rally Towards $2000; When Will It Reach $2100?

Gold Price Predicted to Reach Heights of $2500

Few assets on the market have become as embraced in recent years as gold. Indeed, the precious metal has become a key investment amid the rather disheartening economic circumstances of the world as a whole. Subsequently, its price has seen massive increases, with it surpassing key psychological levels.

Indeed, the gold price has finally exceeded the $2000 mark, with analysts predicting that there is room for a sustained rally. Specifically, Fundstrat’s Mark Newton told Markets Insider that $2500 is certainly not out of the question for the precious metal.

gold us dollar

Also Read: Gold Prices Skyrocket 15 Points Before Fed Meeting

“This is quite positive technically, and I expect that gold has begun its pushback to a new all-time high,” Newton stated. Moreover, he noted that a move ahead of $2009.41 would eventually catapult the asset to the range of 2060 and 2080.

Thereafter, Newton predicted such an ascension would leave a “definite technical breakout” as a possibility. “My technical target goal for gold is $2500/oz, and it looks appealing to be a long-precious metal given falling real rates, rising cycles, and ongoing geopolitical conflict,” he added.

Read the article at Watcher.Guru

Read More

ByteFederal Launches Crypto Real Estate Service in Florida, Partners with NEO and OPISAS

ByteFederal Launches Crypto Real Estate Service in Florida, Partners with NEO and OPISAS

Bitcoin Magazine ByteFederal Launches Crypto Real Estate Service in Florida, Partner...
Jack Dorsey’s Square Starts Rolling Out Bitcoin Payments for Merchants

Jack Dorsey’s Square Starts Rolling Out Bitcoin Payments for Merchants

Square, the payments company backed by Twitter co-founder Jack Dorsey, just kicked of...