The price of gold could go up to $1800

Gold’s bottom outlook is improving but still bullish

Over the long term, the price of gold should struggle to really start a bullish reversal as long as the Fed remains very hawkish, which is very likely until there are several good surprises on the market. ‘inflation.

We had a first one last week after October inflation came out well below expectations, but the slowdown was mainly due to a revision of the medical component which should not be repeated in the coming months and which will not be counted in the Fed’s preferred indicator, PCE inflation.

That said, the price of gold could start to benefit from the growing prospects of a recession in the global economy. Investors may favor this asset and bonds over the coming months.

Admission: Purchase at $1750

Stop: $17250

Goal: $1800

Risk/return ratio: 2

Track spot gold prices with IG.


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