Gold Forecast : Set to conquer $1900 over the next 12 months – Citibank - Kedai Saham
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Thursday, June 4, 2020

Gold Forecast : Set to conquer $1900 over the next 12 months – Citibank

*Gold Forecast : Set to conquer $1900 over the next 12 months – Citibank*

Analysts at Citibank offer their forecasts on gold, given the recent break in the yellow metal below the $1700 mark.

*Key quotes*

"Gold to hold a $1,600-1,700 handle rather than quickly spike to the $1,850-1,950 area.

Global growth and EM recovery in 2021 could be what supports the next leg higher towards $2,000/oz.

Sees gold to average at $1700 in three months.

6-12 month's forecast seen at $1900

Gold to reach $2000 in Q3 2021."

Note by Kedai Trader :

Potensi koreksi diperkirakan akan berada pada kisaran $1,630.00 - 1,610.00.

Outlook Emas Negatif jika minggu ini bertahan dan ditutup dibawah level $1,690.00

Area $1,630.00 - $1,610.00 dapat dijadikan area Buy On Weakness dalam jangka menengah dengan target : $1,650 ; $1,700. Sedangkan level Stop Loss area Support Kritis berada pada kisaran $1,574.00.

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