Deutsche Bank Predicts Gold Prices to Reach $6,900
- Gold Price Forecast: Deutsche Bank analysts predict that gold prices could reach $6,900 by 2026 due to a weakening US dollar, reflecting the impact of current structural factors on commodity markets.
- Dollar Weakness Impact: The analysis indicates that the ongoing weakness of the dollar will drive gold prices higher, with expectations of reaching $6,000 per ounce in 2026 and potentially surpassing the historical high of $6,900.
- Bullish Silver Outlook: Despite potential pullbacks in the gold-silver ratio, Deutsche Bank maintains a positive outlook on silver prices, believing that its price trends will remain strong.
- Global Market Implications: Analysts caution that a weakening dollar could lead to significant shifts in global financial markets, affecting investment decisions across various sectors, particularly as gold's role as a reliable hedge against inflation becomes increasingly important during economic slowdowns.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0119 | 0.0199 | 0.0294 | 0.0374 | 0.0469 | 0.0549 | 0.0644 |
| Fibonacci | 0.0199 | 0.0266 | 0.0307 | 0.0374 | 0.0441 | 0.0482 | 0.0549 |
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