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Bank of Japan keeps policy unchanged, upgrades FY22 and FY23 inflation outlook to 1.1%

Gold Prices Forecast to Test 2013 Lows

Gold Prices Forecast to Test 2013 Lows

David Rodriguez, Head of Product
ssi_GOLD_body_Picture_20.png, Gold Prices Forecast to Test 2013 Lows

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GoldRetail forex traders have consistently bought into Gold price declines versus the US Dollar, and a contrarian view of crowd sentiment leaves us firmly in favor of further XAUUSD declines.

Trade Implications – Gold: Crowds have remained steadily long Gold prices since the precious metal traded below $1350 on October 28, and we anticipate continued weakness until we see a significant shift in sentiment. In fact our Senior Technical Strategist points out that near-term Gold price targets remain at major lows of $1180.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_GOLD_body_Picture_9.png, Gold Prices Forecast to Test 2013 Lows

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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