Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
28 November 2022 | Other

There are no factors yet to push gold out of the 1600-1800 range

Gold

Over the past week, gold fell to $1,750 an ounce before recovering back to where it started. Under the current circumstances — high Treasury yields, a strong dollar and aggressive Fed policies — it's hard for gold to achieve a prolonged upward trend.

According to representatives of Gold.ru, at the moment no factor can push gold above $1,600 to $1,800 an ounce.

At the same time, according to Bloomberg, the central banks’ demand for gold this year could grow to 750 tons, exceeding the 50-year high by 100 tons, which is an absolute record.

Company MarketCheese

Recommended

United States. CFTC Gold speculative net positions. The value of the indicator has decreased from 252.9K to 232K
21 November
United States. CFTC Gold speculative net positions. The value of the indicator has decreased from 266.7K to 252.9K
20 November
South Africa. Gold Production (YoY). The value of the indicator has increased from -3.6% to 5.9%
13 November
United States. CFTC Copper speculative net positions. The value of the indicator has increased from 32.6K to 39.1K
21 November
United States. CFTC Aluminium speculative net positions. The value of the indicator has decreased from 0.4K to -0.1K
21 November
Top news
European Union. Manufacturing PMI. The value of the indicator has decreased from 50 to 49.7
21 November
United States. Nonfarm Payrolls. The value of the indicator has increased from -4K to 119K
20 November
United States. Unemployment Rate. The value of the indicator has increased from 4.3% to 4.4%
20 November
United States. Trade Balance. The value of the indicator has increased from $-78.2B to $-59.6B
19 November
European Union. CPI (MoM). The value of the indicator remained at the same level of 0.2%
19 November
All news

Forecasts

AUDCAD buy
Period: 28.11.2025 Expectation: 540 pips
AUDCAD shows signs of recovery as Canadian dollar experiences pressure
Technical analysis TA Other FA Other Indicators Fundamental analysis
21 November 2025 46
Lyra_Moonwell1
GBPUSD sell
Period: 05.12.2025 Expectation: 1500 pips
GBPUSD has room to drop further
Indicators Chart analysis Hot news
21 November 2025 57
Tom_Kern
Brent sell
Period: 28.11.2025 Expectation: 120 pips
Defusing geopolitical tensions weighing on Brent prices
Indicators and reports Technical analysis FA Other Indicators Fundamental analysis
21 November 2025 44
Emily_Foster
USDJPY sell
Period: 28.02.2026 Expectation: 200 pips
USDJPY selloff with 155.50 in view
FA Other Chart analysis
21 November 2025 29
McCarthy_Raymond
ETHUSD sell
Period: 05.12.2025 Expectation: 30000 pips
Chances for ETHUSD rebound increase near $2,700
Indicators Chart analysis Hot news
20 November 2025 61
John_Bullard
Natural gas buy
Period: 27.11.2025 Expectation: 437 pips
Buying natural gas amid seasonal demand peak
Technical analysis TA Other FA Other Indicators Fundamental analysis
20 November 2025 57
Lyra_Moonwell1
Go to forecasts