« Wall Street sees gold prices challenging $2,500 next week "...
Wall Street sees gold prices challenging $2,500 next week, Main Street sentiment is more restrained..."
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“I am bullish on Gold for the coming week,” said Colin Cieszynski, Chief Market Strategist at SIA Wealth Management. “The US Dollar appears to be backing off a bit along with treasury yields. Also, if it does break out over $2400 resistance, technically that could open the door to a potential run at the $2,500 big round number.” James Stanley, senior market strategist at Forex.com, also believes gold has further to fly in the near term.
“Bulls put on a show this week and the move was pretty clean for the most part,” he said. “That continued the breakout from the falling wedge/bull flag in the prior week, and this week was all higher-highs and lows with a really strong move on Friday morning.”
“Chasing fresh highs is always a challenge but the 2400 level has quite a bit of reference given the tests last month, and so far on Friday there’s been indications of acceptance above that price,” Stanley added. “This keeps the door open for a possible run up to $2500.”..."
https://www.kitco.com/news/article/2024-05-17/wall-street-sees-gold-prices-challenging-2500-next-week-main-street
If Gold Mountain Mining can't start to climb out of their financial travesty with GOLD prices hovering around or above $2400 usd ... Hmmm!