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Gold: XAUUSD trading forecast for today, September 14, 2021

Gold: XAUUSD trading forecast for today, September 14, 2021

Gold is still trading with low volatility on the approaches to the resistance level of $1800 per ounce.

Yesterday, the quotes closed the session at $1,792. Last week, the gold exchange rate fell for the first time on a weekly basis in more than a month and fell to $1,786 per ounce. The same factors caused the adjustment – an increase in the yield of US Treasury securities and an increase in the US currency index. However, the longer the precious metal sags now, the larger its rally may be in the future. Many factors indicate that the uptrend is ready to resume. It is not just about the fact that the central banks of the leading countries of the world allow the inflation rate to grow further. It should also be noted that there is a high probability of a collapse of quotations on the stock markets in the United States. The largest investment banks of the country warn about this. Analysts at Deutsche Bank claim that the share price exceeded the profitability of the companies by 21 times. Stock indexes cannot grow indefinitely, and the financial bubble will soon burst. In addition, we should not forget about the slowdown in the growth of the Chinese economy and the new wave of coronavirus. However, the current dynamics of the gold exchange rate allows investors to increase their reserves, preparing for the worst scenarios of the development of the situation in the economy. It is not surprising that there is a jump in demand for gold jewelry in China. Investment demand also remains stable almost all over the world.

The forecast expects an increase in the price of gold to the levels of 1795, 1800 and 1810 dollars per ounce.

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