Gold Price Forecast: XAU/USD to head gradually toward $2,055/75 – SocGen Gold XAUUSD Banks
has embarked on a steady up move. Economists at Société Générale expect the yellow metal to enjoy further gains toward the $2,055/75 region.“Gold is in proximity to April 2022 levels of $2,000. A brief pause is not ruled out, however, signals of a meaningful pullback are not yet visible; recent bullish gap at $1,870 should be an important support.”
“Gold is expected to head gradually towards the upper part of its range since 2020 at $2,055/$2,075. This is a key resistance zone; overcoming it could mean the onset of a larger uptrend.”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.
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