Yardeni Research Predicts Gold to Reach $10,000 by 2029
- Gold Price Forecast: Yardeni Research predicts that gold prices will reach $10,000 by 2029, primarily driven by geopolitical risks and economic uncertainties, prompting investors to reassess their asset allocation strategies.
- Divergent Market Reactions: While some analysts express concerns about inflationary pressures, others view the rise in gold prices as evidence of its enduring value as a safe-haven asset, which may influence long-term investor decisions.
- Bitcoin Market Dynamics: Bitcoin is currently trading at $87,816.10 with a market cap of $1.75 trillion; despite a 0.56% dip over the past 24 hours, its market dominance remains at 59.20%, indicating the continued appeal of digital assets.
- Investor Focus: As gold valuations increase, Coincu research highlights the growing speculative interest in gold, while also emphasizing the importance of technological adaptability for future investment strategies.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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