3 World Famous Gold Analysts: We May See These Catastrophic Levels Next Week! - News-Credit-Mortgage-Coin

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Sunday, February 14, 2021

3 World Famous Gold Analysts: We May See These Catastrophic Levels Next Week!

 



World famous analysts announced their new gold forecast. Analysts emphasize that gold did not exceed $ 1,850 per ONS this week. Another retracement below $ 1,800 in the coming days could lead to massive sales. Here are the newest gold estimates ...

Here are gold predictions from world famous analysts

Sean Lusk: Gold has underperformed in 2021 so far! This can continue…
Sean Lusk, co-director of Walsh Trading, commented on the gold market and said:


GOLD PERFORMANCE HOW LOW IN 2021. THE MARKET HAD REALLY DIFFICULT TIMES OVER $ 1,850-1,860 SOMEWHERE AMAZING IF YOU LOOK AT THE PERFORMANCE OF CRYPTO MONEY… RISING RETURNS AND STRONGER US DOLLARS ON US TREASURY BILLS PRINT ON GOLD. UNLESS A SIGNIFICANT CATALYST IS REVERSING THESE TRENDS, GOLD CAN CONTINUE TO FILM.

Sean Lusk: Gold's next target could be $ 1,705-10


Sean Lusk: Gold's next target could be $ 1,705-10


Sean Lusk stated that if gold fails to hold the $ 1,800 level next week, investors risk liquidating their long positions. This could pull prices down to the $ 1,705-10 zone, or 10% year-on-year, according to the analyst. Sean Lusk said:

THERE ARE LOT OF LONG PRODUCTS ON THE MARKET AND WE DON'T SEE A CONTINUING RISE HERE. WHO CAN SAY THAT PRICE DROPS WILL BE PURCHASED IN LONGER TERM, BUT THE MARKET MAY NOT GO DOWN 5% FROM HERE? THE NEXT TARGET MAY BE 1.705-10 DOLLAR LEVEL. NOTHING SURPRISES ME HERE. ETF MARKET NOW SEEING OUTSIDE. UP DIRECTIONAL REVIVAL MAY TAKE SOME TIME. WITH APPEARANCE, GOLD CAN RE-TEST LOW LEVELS OF 1,780-85 DOLLARS IN THE WEEK AHEAD. WE MUST HOLD 1,780 DOLLARS. OTHERWISE, MANY LONG PRODUCTS WILL BE COVERED.


Sean Lusk: If you have the opportunity to enter under $ 1,800, this is a good buy
In the long run, Sean Lusk sees inflationary hues winning the day and driving gold up. Sean Lusk said:

PHYSICAL AND TANGIBLE ASSETS WILL BE PREFERRED. IF YOU HAVE AN OPPORTUNITY TO ENTER UNDER 1,800 DOLLARS, THIS IS A GOOD BUY. IF IT GETS WHAT IT WANT IN THE NEXT AID PACKAGE, HOW DOES IT NOT CREATE A BASIC INFLATION IN THE FUTURE?

Charlie Nedoss: Gold prices seem ready to test $ 1,800


Charlie Nedoss, senior market strategist at LaSalle Futures Group, evaluated the gold markets and made the following comments:

THE PLACE OF TRADE IS DOLLAR. WE HAVE THE PERCEPTION THAT WE WILL BEGIN TO OPEN. ALTHOUGH WE HAVE LARGE DOLLAR SHORTS THERE, THE US DOLLAR INDEX WERE SEEING A POWER OF AROUND 90.70 ON FRIDAY. BECAUSE GOLD IS OPERATING BELOW THE AVERAGES, IT APPEARS READY TO TEST THE ONS FOR $ 1,800.

Peter Hug: There's a lot to put pressure on gold
Peter Hug, global trade director of Kitco Metals, said the following about the prices of gold:

10-YEAR BONDS REALLY RISE TO 1.2%. AS THE REVENUES RISE, IT TRIGGED THE DOLLAR PURCHASE AND GAVE AN ADVANTAGE FROM THE GOLD. IN SHORT TERM, PEOPLE PARK SOME OF THEIR MONEY AS CASH. THERE WERE SOME SPECULATIONS THAT THE FEW DEMOCRATES WILL NOT VOTE THIS DRAFT DUE TO THE MINIMUM WAGE INCREASE. IF THE REPUBLIC CANNOT REMEMBER THIS, IT WILL BE A PROBLEM. THE METAL MARKET IS WAITING FOR THE INCENTIVE. THERE MAY BE ANY OTHER QUESTION MARK. AND WHEN THE EXPECTATION IS LOWERED, PEOPLE MAKE PROFITS FROM METALS.

The gold market is also waiting for the Biden administration to initiate the incentive program. Peter Hug says further delays will continue to put pressure on gold.

Peter Hug: First support for gold is $ 1,800
Peter Hug said he would be surprised if gold will drop below $ 1,800 or well above $ 1,850 next week. 

Peter Hug adds the following to his comments on the subject:

WE ARE LOOKING AT 1,780 - 1,850 DOLLARS IN THE NEXT WEEK. FIRST SUPPORT IS 1,800 DOLLARS.

Peter Hug said there was a pause in the physical gold market, where higher premiums were heavier on demand. Peter Hug adds the following to his comments on the subject:

INDIVIDUAL INVESTORS BECOME LESS HEVES TO RUN FOR BOTH GOLD AND SILVER PREMIUM. PREMIUMS HIGH AND THE AMOUNT OF INVENTORY AVAILABLE ON A CASH BASIS ANEMIC. THERE HAS BEEN INTERRUPTED IN THE PHYSICAL PURCHASING MARKET FOR THE LAST A FEW DAYS. THERE IS NOT A LOT OF NEW PRODUCTS FOR THE PREVIOUS 4-6 WEEKS UNTIL THE US DARPHONE BEGAN TO PRODUCE GOLD EAGLES WITH ITS NEW DESIGN. DEALERS CURRENTLY RECEIVE SIGNIFICANT PREMIUMS WHAT IS IN THEIR INVENTORY.





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