2 Analysts Announced The Date That Gold Prices Will Fall

Whether gold prices saw the lowest levels was a very curious issue.

2 analysts announced the date that gold prices will fall. Gold is trading above $ 1,720, experiencing a sudden bounce after its 10-month low. Investors are wondering if bottom levels are seen in precious metal. Some experts stated that prices will drop, Blue Line Futures' chief market analyst Phil Streible also commented on the markets. Phil Streible said when the gold price will hit the lowest level. Gold analyst James Hyzercky announced the levels that can and should be seen next week.   Will Hit Bottom in the First Half of the Year Blue Line Futures' chief market strategist commented on the markets and said the following about the relationship between gold and inflation: “Typically, gold and inflation expectations are interrelated. Because gold has historically been a major asset class for inflation. But things like timber and crude oil are going to negative when all asset classes and especially commodities fall to basically unprecedented lower levels. Everything in the grain markets, copper was shattered. The price of these commodities has really taken off. Gold has been the worst-performing asset to date compared to other crude commodities such as stock indices, cryptocurrencies, and crude oil. Phil Streible stated that gold will begin to plummet in the second half of 2021 as interest rates eventually fall.   James Hyerczyk Reveals The Levels That Gold Will See According to renowned gold analyst Hyerczyk, the strong recovery on Friday indicated that the key area to pursue early Monday is between $ 1,711.70 and $ 1,705.70. Further, the ongoing movement above the $ 1711.70 level will show the presence of buyers. According to James Hyerczyk, the first upside target is the price cluster of $ 1,738, $ 1,739.10 and $ 1,744.30. Besides, the break of $ 1,738 and $ 1,739.10 will change the trend and shift momentum upwards. Popular gold analyst sees the trigger point for an upward acceleration as the $ 1,744.30 level. According to Hyerczyk, a continued move below the $ 1,705.70 level will show the presence of sellers, and if that move creates a sufficiently downside, the sale should be expected to shift the likely price to $ 1,673.30. This price should be seen as a potential trigger point for a downside acceleration.       Source: Kriptokoin.com