Gold Price Analysis

date: 15 February 2021

Gold and oil price are extremely related. As a result, Petrobon price analysis team provide gold price analysis in order to get a clearer view of oil price

Gold Price could not enter the $1860 channel last week. As the global economy raises and vaccinations increased the economy is returning to pre-crisis conditions.

The U.S retail index will be released this week which shows the general level of wages and employment. Global Gold failed to break its negative trend after growing at the beginning of the week and reached $ 1823 at the end of the week.

It look like ounces will hit the $ 1800 range again and then move on to its negative trend.