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Original headline: Gold Futures Expected to Bounce Nearly $ 30. Institution: Analysis of the Latest Technology Outlook for Gold and Silver
FX168 Financial News (Hong Kong) Wednesday (Dec 2) News Asian markets, gold futures have declined slightly and are now reported at around US $ 1813 an ounce. The Kshitij Consultancy Service (Kshitij Consultancy Service) wrote a new article on Wednesday to conduct a forward-looking analysis of the prospects for gold and silver futures.
Gold futures rose more than 2% on Tuesday and the US economic stimulus bet increased gold’s appeal as a hedge against inflation. COMEX February gold futures closed 2.1% higher, at US $ 1818.90 per ounce.
In terms of gold, Kshitij’s advisory service team said gold futures rebounded sharply from $ 1,774 an ounce yesterday. As long as it holds the short-term support area of $ 1780-1760 / ounce, gold futures may test $ 1820-1840 / ounce again, and thus are expected to return to a lower level. Gold futures may still fluctuate in a broad range of US $ 1840 to US $ 1740 per ounce in the coming weeks.
(Source Gold Futures 4 Hour Chart: FX168)
In terms of silver, the Kshitij advisory service team said silver futures have rebounded from around US $ 22.65 / ounce yesterday and the corrective rebound trend may be limited to US $ 24 / ounce. , therefore the price of silver is expected to fall back to US $ 22-21 / ounce in the long term. ounce.
(Source 4 hour chart on silver futures: FX168)
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