ilmscore | Gold Outlook

Gold Outlook

Published: 2024-09-23
Status: Analyzed

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Prediction
Topic
Status
Gold is likely to experience pullbacks to its bull market support band, which is currently estimated to be between $2100 and $2200 per ounce.
"my speculation is that it will likely continue to Rally there will be some pullbacks probably to the bullmark sport band right now the bullmark sport band for it is all the way down at like 21 to 2200"
XAU
Pending
Gold could reach approximately $3500 per ounce by the end of 2025.
"if it were to hit it say the end of 2025 you know it could obviously be 3500 or so"
XAU
Pending
As the labor market deteriorates, Quantitative Easing (QE) is expected to resume soon, and interest rate cuts will continue, which will be a positive catalyst for gold.
"the more that the labor market deteriorates the more it means that QE will be resuming soon and interest rate Cuts will continue and gold likes that"
XAU
Pending
Gold is unlikely to retest its prior breakout point, especially since its bull market support band is currently above that level.
"considering that the bull market support band for gold is above the prior breakout point I would be inclined to say that it won't more likely not to than it more than it is to actually do that"
XAU
Pending
Gold's weekly Relative Strength Index (RSI) is predicted to rise to approximately 83-84.
"I wouldn't be surprised if Gold's weekly RSI goes back up to like 83-84"
XAU
Pending
Gold could reach $3160 by the end of 2024.
"if it hits it say the end of this year it could be at 3160"
XAU
Pending
Gold could reach $3500 by the end of 2025.
"if it were to hit it say the end of 2025 you know it could obviously be 3500 or so"
XAU
Pending
Gold's current bull market (starting around 2018) could last until 2028 or 2029.
"you know the bull market lasted from 2018 until 2028 or something right or 2029 that's always a possibility"
XAU
Pending
Gold's weekly Relative Strength Index (RSI) could reach 83-84.
"I wouldn't be surprised if Gold's weekly RSI goes back up to like 8384 kind of like it did a couple times over here"
XAU
Pending