ING Revises Gold and Silver Price Forecasts Downward

ING analysts have significantly lowered their forecasts for gold and silver prices. In the bank's new report, it was emphasized that cyclical pressures in the markets are creating a downward impact on precious metals. This situation is shaping investors' expectations regarding future price movements. According to ING's revised forecasts, gold prices are expected to trade at lower levels in the coming period. Analysts, who paint a similar picture for silver, state that both metals have limited potential for recovery in the short term. The report notes that global economic uncertainties and changes in interest rates are putting pressure on prices. The decline in gold and silver prices is affecting investors' risk appetite. This sharp drop in ING's forecasts is being closely monitored by market participants. Analysts warn that precious metals may depreciate further in the coming months, particularly due to the impact of cyclical factors. This is not investment advice.

📊 GOLD — Piyasa Yorumu

▼ down · 65%

ING's downward revision of its gold and silver price forecasts may exert short-term pressure on metal prices. A recent 3.2% decline in stock prices and an RSI at 48 indicate weakening momentum. The MACD line remains below the signal line and in negative territory, suggesting sustained selling pressure. While the price staying above the 20-day moving average provides some support, remaining below the 50-day moving average confirms a bearish trend. The likelihood of continued short-term decline is high.

RSI 14

48.4

MACD

-0.20

24h Δ

-3.19%

📊 GLD — Piyasa Yorumu

▼ down · 70%

The news headline indicates that ING has revised its gold and silver price forecasts downward. This could serve as a negative catalyst for GLD. Technical indicators also support this view: the RSI is at 24.8, indicating oversold conditions, but the MACD and signal line are negative and in a bearish crossover. The price is trading below the 20- and 50-day moving averages, and has experienced a 4.2% decline in the last 24 hours. The short-term downtrend is likely to continue.

RSI 14

24.8

MACD

-3.59

24h Δ

-4.19%

Canlı Grafikler