Gold successfully breaks through the 2010 mark! Author of "Rich Dad Poor Dad": Dollar savers will become losers "It's not too late to buy gold and Bitcoin now"
In the Asian market on Monday (November 27), gold successfully broke through 2010 US dollars in the short term, reaching a maximum of 2017 US dollars. Analysts said that any closing price above $2,025 is expected to stimulate gold prices to retest the historical high of $2,089. "Rich Dad Poor Dad" author Robert Kiyosaki
Kiyosaki said workers and dollar savers would be the losers, calling for gold and Bitcoin to be bought immediately before it is too late.
Gold analyst Mark Mead Baillie said: "Let's get straight to the point and use one or two prominent figures to illustrate our view. When we look at the weekly gold bars one year ago, we think gold looks quite optimistic."
Looking at gold’s 47 trading weeks so far in 2023, last Friday’s closing price ranked as the sixth-highest weekly settlement price this year. However, the sticky area of 5 better settlements is the narrow price range of 2016-2025 USD. As a result, gold bears may smugly say, “We’ve been here before, so it won’t happen like this again.”
However, given gold’s current weekly trading range of 53 points, it wouldn’t be difficult for gold to hit $2,057 in a week. Likewise, any weekly close above $2,025 would be ample territory for a test of the May 4, 2023 high of $2,085 and a further test of the August 7, 2020 all-time high of $2,089.
Additionally, looking ahead to next month, 26 of the past 48 Decembers have been net bullish for gold, including the six months from 2017 to 2022: +2.6%, +4.5%, +3.4%, +6.4%, +2.9% and +3.8%.
"Our preference is that the trend in December is a friend of gold," Mark said.
The impact of the economic barometer suggests that gold prices will rise if the Fed is gloomy.
