FX.co ★ king.zelda | XAU/USD, GOLD

Hello everyone! Buying Gold right now carries a high risk of catching a falling knife. I will place a pending order at $4100, it will be more reliable. This level is close to yearly lows and we can expect a bounce, but today's gap down on the Instaforex chart is very concerning. The medium-term prospects for gold are good, despite the chart. Among the surveyed banks, 70% intend to increase their gold reserves. Goldman Sachs estimates gold at $5400 by the end of the year.