The Bloomberg agency reported last week that several major banks had revised their forecasts for the development of the price of gold in the past week. Revised targets indicate that prices will rise from current levels, but analysts are less optimistic. Goldman Sachs cut its forecast of $4,900 an ounce of gold by the end of the year by $500, while Deutsche Bank cut its estimate for the fourth quarter by 17% to $4,800. Analysts reflexively reacted to the price of gold around $4,000, while Golda recommended a drop below $4,000 for purchases.
Comment Seabridge: It looks like a classic double bottom with a strong break above the 5 EMA. The mole market proved both Gold and Seabridge right.
How is it recommended?Predicting the future development of the price of gold is the business of speculators. For a conservative investor and account user, it is important to understand the overall trend. 💹 Long-term average income since the release of the gold price on August 15, 1971 in crowns 11% ron. The increase in the price of a jet is accelerating, but you are stuck with a wheel around the average. The purchase of gold also acts as a stabilizing and protective element for other parts of the portfolio. Fyzick honey is like that, different from other investments and always here exempt from taxes. 💲
This leads to two main approaches to connection:a) to deposit pensions at the time when there is a balance on the bnm/spocm here a tm to maximize average income 📈
b) join the trial in several stages over a long period a tm to limit the changes in the evaluated 📉In both cases, it is unnecessary to monitor the current price of gold, because it always depends on the daily situation on the market, and no one can predict with certainty whether it will rise or fall in the near future.
Richard Vrdlovec is the founder of lepho spocho here GOLDA.IO Sources: x.com/capconcz; news.golda.io; views of the author
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