What's Next for Gold Investors? 14 Wall Street Analysts Announced!

Gold started the week at high levels, driven by safe-haven demand created by the conflicts in the Middle East and the stubborn market perception that interest rate cuts will come sooner or later. However, hawkish central bank comments and the lack of any energy support from geopolitics have weakened investor appetite.

Gold poll bulls ahead but sentiment weakens!

As you can see from Kriptokoin.com, although gold remains above $2,000, it cannot gain any new momentum. The latest Weekly Gold Survey showed that institutional experts and retail traders are in near-perfect alignment in their expectations for gold prices in the week ahead, with the majority of each predicting gains for the precious metal. However, bullish sentiment has weakened compared to last week. This week, 14 Wall Street analysts voted in the poll. Analysts showed that last week's rise has narrowed significantly. Six experts (42%) expect an increase in gold prices in the coming week. Four analysts (29%) predict a decline in prices. The remaining four analysts (29%) remained neutral on gold for the week ahead.

Meanwhile, respondents cast 150 votes in Kitco's online polls. This week, retail investors reflected the opinions of experts almost exactly. 66 retail investors (44%) expect gold to rise next week. Another 44 (29%) predict that gold will fall. 40 people (27%) remained neutral on the near-term prospects for the precious metal.

Colin Cieszynski: Gold faces a moderate headwind!

Colin Cieszynski, chief market strategist at SIA Wealth Management, is bearish on gold for the week ahead. "With Treasury yields rising and the U.S. Dollar strengthening, gold continues to face moderate headwinds," the analyst said.

Mark Leibovit: I'm going to be skeptical of gold!

Mark Leibovit, publisher of VR Metals/Resource Letter, says he can't bet against gold next week in the current environment. "With a medium-term upside target of $2,700, Leibovit said, especially since my overall market analysis is negative and the press is clearly on the ongoing 3rd Amendment. "I'm going to be skeptical of gold because it ignores World War II."

### Marc Chandler: This news will drive the price of gold!

Marc Chandler, Managing Director of Bannockburn Global Forex, says that interest rates and economic news will drive prices next week, with no additional conflict premium materialized. In this context, Chandler makes the following comment:

Gold ends the week near the middle of the week's range. The high was around $2,058.60 on Monday, while the low was just below $2,002 in the middle of the week. Geopolitics and the expansion of conflicts in the Middle East (including Pakistan and Iran) seem to have less impact than I predicted.

### Sean Lusk: If I was in a long position, I'd be worried!

Sean Lusk, an executive at Walsh Trading, says gold has lost support at current levels. According to the analyst, a break below $2,000 will happen with ease indeed. Lusk states that the drivers of gold's recent rise are declining. He also notes that the seasonal surge will soon come to an end. From this point of view, the analyst makes the following statement:

Usually around this time, from mid-December to Valentine's Day, we see great physical demand, the purchase of gold by the world's jewelers and everyone else. Physically, it's been one of the friendlier times where we've seen good reactions and good results. There was a rally in mid-February, then they got it all back. This year is a little different. But no one talks about what is happening in Eastern Europe anymore. Israel-Gaza seems to be under control for now, Iran's proxies are wreaking havoc, blocking the Red Sea and so on, but does that really matter? If I was in a long position underneath, I would be a little worried here.

### Darin Newsom: The weekly outlook is still bearish!

According to Darin Newsom, Senior Market Analyst at Barchart.com, it's going to be interesting. Because from a purely technical point of view, there is a mixture of signals going on at the moment. "The trend on the weekly chart is still bearish. So what does that tell me? "We're going to see some of the money come out of the safe-haven idea." In addition, the analyst makes the following assessment:

I think we're going to continue to see the outflow of money from commodities, and that includes gold. Because there is so much uncertainty in the world, gold may be one of the last commodities we will see money come out. However, the weekly chart still looks bearish. If it fails to form a short-term uptrend from the low around $2,000 this week, it will surpass this level next week.

Adrian Day: ********

Adrian Day, President of Adrian Day Asset Management, believes that gold could take advantage of this week's consolidation to make new gains next week. "We've had a pullback, now it's possible for the price of gold to move up again," Day said.

### James Stanley went from bearish to bullish because...

James Stanley, senior market strategist at Forex.com, went from bearish to bullish for the week ahead. "I opted for the downside last week," Stanley said. Because there was an early decline structure. To some extent, this has happened," he explains. "However, the bears were unable to test below $2,000 on the spot. This resulted in a falling wedge pattern. These are bullish. "This, coupled with no testing below $2,000, I think we're going to see a higher increase next week." Stanley says the real question is "where the bears will show up for resistance." For gold; It points to the $2,059, $2,075 and $2,082 levels.

Jim Wyckoff also expects the price of gold to rise

Kitco Senior Analyst Jim Wyckoff also expects gold prices to rise next week. "As the bulls gain some momentum late this week, the follow-up strength is higher to suggest early next week," Wyckoff says.

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