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Whats next for Spot Gold - $2000 again?

Updated: Apr 3, 2022

With global inflation showing no sign of slowing down and the war in Ukraine escalating, we believe investors will continue to flock to safe haven assets, gold being top of that list. It must be acknowledged that gold prices could be set for another push higher once again therefore our bias remains bullish for the time being.

$1900.oz appears to be a strong support for the precious metal which draws a line in the sand for the time being. Preferred long positions above this level, however starting a new week, we may get a dip early in the week providing higher value areas to enter long. We will watch order flow in volume areas and post updates in real time.

Target projections to the upside are $1968 / $2010 in the first instances.


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