Gold price analysis, 07 February 2018
Gold is declining into a daily cycle low. It will possibly continue to decline for another few days. Once a new daily cycle starts, the main question will be if it will make a higher high (above $1370) or not. It is more likely that gold will reach a new high between $1380 and $1400 in the next few weeks. However, there is also a possibility that gold has entered a declining phase of the intermediate cycle. See the video for more details.
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Gold will have several support points as fundamentals grow stronger due to inflationary pressures.
It seems that you are right, and inflation is going to start picking up.
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