Jakarta, CNBC Indonesia – World gold prices moved up in trading this morning. In the future, what are the prospects for the price of the precious metal? Is it still strong climb?
On Tuesday (15/2/2022) at 07:05 WIB, the world gold price on the spot market was recorded at US$ 1,870.82/troy ounce. Up 0.03% and hit its highest since June last year,
Gold prices are currently undergoing a positive trend. In the past week, the price of this asset rose 2.78% on a point-to-point basis. Over the past month, prices have risen nearly 3%.
Wang Tao, Technical Analyst at Reuters, estimates that gold prices can still rise again. According to him, the price of gold will rise to the range of US$ 1,872-1,879/troy ounce.
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Source: Reuters- – |
“Currently gold prices are in wave C, this wave starts at US $ 1,753.3/troy ounce. In full strength, this wave can bring gold prices towards US $ 1,900-1,946/troy ounce,” Wang wrote in his research.
while point support The price of gold, Wang continued, is at US $ 1,850/troy ounce. A break of this point will bring the price down to US $ 1,841/troy ounce.
But so far the gold price is still able to maintain a positive trend. Now investors can set a target at US $ 1,930/troy ounce. With a sharp increase on February 11, 2022, the target seems more realistic.
 Source: Reuters-– |
CNBC INDONESIA RESEARCH TEAM
(aji / aji)
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