Here is our next video about Gold price analysis 2021. The Gold chart is showing today a massive plunge of the Gold price. It is falling from $1796 down to $1761.70 as of 1:58 pm UK time or more than 1.9%.
Gold 2021 could likely face increasing pressure from improved economic data signaling rising inflation and post-covid recovery. According to the Gold price analysis today, investors are cautious and withhold from buying the metal in order to get clear cues on the US Fed’s rate hike trajectory.
Gold price 2021 will be affected by continuous softer inflation prints that are increasing hopes Fed may decide to leave the stimulus program intact for a longer time. The Gold price analysis also points that if $1675 support fails to hold the price, there could be lower lows for Gold this year.
Watch the full video for our take on Gold analysis and a deeper insight into what to expect in the weeks ahead from our Gold price prediction. Drop us a line in the comments with your thoughts on the Gold price analysis.
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#goldprice
00:00 Intro
00:59 Portfolio
02:12 Gold Disappoints
05:53 Support and Resistance
06:20 Technical analysis
09:19 Recap
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