Significance of Gold Price Forecast in trading market |
Posted: December 29, 2017 |
The precious metals markets are growing today against the backdrop of a weakening US dollar and a downwardly correcting stock market. The political situation in the world remains tense, but it does not support the precious metals markets. Gold pricing 2017: Prices for precious metals on SGE declined, trading volumes slightly increased. The yuan to the US dollar weakened. According to the Bank of China, gold reserves in October 2017 did not change to the level of September and amounted to 59.24 million ounces, affecting gold price forecast. Gold prices recovered to $ 1,279 per troy ounce after a decline to $ 1,274, market volatility remains low due to the absence of significant factors. The nearest levels of support in gold are $ 1274-1245, resistance levels $ 1280-1293. Gold forecast: We already have forecasts for gold at the current stage of the competition of analysts. With the forecasts that come true, the situation is the same as with cognac or good wine - the longer it remains (true), the more valuable. In this case, I will mention the forecast, calculated in June 2015. Fresh actual data were added to it in about a year. I think that the coincidence is good, which suggests that for the next few months the forecast will work successfully. Future of Gold pricing: Interpretation of the forecast is simple - we are expecting an increase in the price of gold until mid-2018. The opinion of the increase in the price of gold is held not only by the analysts of the Alpari contest, but also by Soros. The trend of rising gold prices does not mean that in certain periods of time the price will not fall. So, it is known about the seasonal fall in the price of gold at the end of each year Forecast graph: This is a useful mathematical model for predicting gold signals, more precisely, an analytical formula, in which one argument is time. It is assumed that if 1) it is adequate to the nature of economic patterns, and 2) in the past, the function was in good agreement with the statistics, then its extrapolation to the future will yield a result close to reality. The main role here is played by the hypothesis of cyclicity and the wave nature of economic processes. Practice has shown that with some reservations and restrictions, it does. Price of gold today: The gold signal provider estimates that the current price for gold is 1275.60 dollars per 1 troy ounce (31.1 grams). Today the price is traded in the range: 1273.60-1287.70. Price at the end of the previous day: 1287.50. The change for today is -11.90 dollars, -0.92%.
Gold signals past and future:
Best gold signal services: The price of gold on the London stock exchange today, and the American gold market, reflect the dynamics of not only precious metal, but it is an indicative instrument of moods in financial markets. Recently, the gold rate and demand for it have risen sharply, as the use of this metal as an investment haven during the crisis has become very popular. The current value of gold on the exchange and in the world, allows investors to analyse the outlook for the growth of the world economy and make gold forecasts of the dynamics of price growth of other exchange instruments. Gold forecast: The forecast of gold for a year or more after the crisis shows its price increase on the London Metals Exchange more than doubled. This, in turn, has enabled investors not only to save their savings in a difficult time by investing in the gold index, but also to earn considerably. Today you can also see how the price of gold online behaves on the world exchanges to assess the current situation in the market of this precious metal. It should be said that, as a rule, the concept of "course" is more of an exchange and banking term, and unlike the price, it serves as a benchmark for investors in trading in the markets.
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