Gold: Selling pressure in a month – OCBC
|Howie Lee, an economist at OCBC, points out the $1750/oz as a major resistance for the yellow metal and expects some weakness in one month. Credit Suisse sees the leg extending towards the $1800/oz level.
You can't miss the last forecast by Valeria Bednarik
Key quotes
“We see resistance for gold at $1750/oz given current inputs of interest rates and dollar strength.”
“We maintain the view that prices may stay elevated through Q2 but could see selling pressure towards the end of the quarter – about a month from now.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.