Where is Gold Price heading?
Gold remains in a strong primary uptrend, with price pushing higher after a period of consolidation. FFI indicator is turning decisively positive. Expect gold to move toward its first upside objective in the 4,660–4,700 zone.
Unless buying volume and FFI picks up sharply, we are currently cautious on second target region of 5,000–5,200,
Demand continue to be drive by de-dollarisation, central bank demand and geopolitical uncertainties.
Disclaimers apply