Stay informed about the factors that influence the price of gold. These include global economic conditions, interest rates, inflation rates, currency fluctuations, geopolitical tensions, central bank policies, and investor sentiment. Monitor news and reports related to these factors to assess their potential impact on Gold prices. Examine historical price data for gold to identify patterns, trends, and cycles. Look for any consistent factors or correlations that have influenced gold prices in the past. This analysis can provide insights into potential price movements in the future, although it's important to note that past performance does not guarantee future results.

Utilize technical analysis to study price charts, patterns, and indicators. Technical analysis involves examining historical price and volume data to identify trends, support and resistance levels, and potential price targets. Various technical indicators and chart patterns can help you make informed decisions about potential price movements. However, it's important to remember that technical analysis is not foolproof and should be used in conjunction with other factors. Evaluate broader macroeconomic factors that could impact gold prices. Factors such as economic growth rates, monetary policies, fiscal policies, trade dynamics, and other market indicators can influence investor sentiment and the overall demand for gold as a safe-haven asset or hedge against inflation.

Over the past few weeks, gold has once again been able to regain its strength and experience a significant increase. This has led analysts to look positively at the future of gold. In an interview with Kitco News, gold market analyst Shantel Sheen said he expects gold prices to reach $ 1,800 in the coming months but will not reach $ 1,900 by the end of the year. He believes that gold will continue to rise in the long run, but it faces many challenges that could change its price.

Consulting with financial advisors, economists, or professionals with expertise in the precious Metals market can provide valuable insights and guidance. They can help analyze market factors, interpret trends, and provide more accurate and personalized estimates based on your specific situation and goals. Research firm Murenbeeld & Co said in its latest forecast that it expects the average price of gold in the second quarter of 2021 to be $ 1806, in the third quarter to $ 1827 and in the fourth quarter to $ 1865. The company expects the price of an ounce of gold to reach $ 1,900 in the first quarter of 2022 and its highest level in the second quarter of 2022.

"He is currently neutral on the price of gold because the central banks have put a lot of stimulus into the economy and it is not yet clear whether the economic recovery will be sustainable or not," said Shantel Shion, head of the company's research team. According to Shivan, there is still a lot of uncertainty about the Corona virus epidemic, and the current pace of economic recovery will not be sustainable.

Another issue that currently exists is rising inflation. According to Shivan, investors cannot be sure of the stability or instability of inflation until the end of the year. However, Sheen believes that given the high volume of financial and monetary stimulus to the economy, high inflation is unlikely. Also, the price of Bitcoin can have a big impact on the gold market, and the yellow Metal will have tough competition with these cryptocurrencies. According to Sheen, the increase in the price of Bitcoin has so far reduced the value of the gold market by 2.5%.

Evaluate the supply and demand dynamics of gold. Factors such as gold production levels, mining costs, Jewelry demand, industrial demand, investment demand (including ETFs and central bank purchases), and recycling rates can impact the price of gold. Analyze these aspects to gain an understanding of the potential supply-demand balance in the coming year. Stay updated on market forecasts and expert opinions from reputable sources such as financial institutions, research organizations, and industry experts. Consider a range of viewpoints and opinions to gain a comprehensive understanding of the expectations for gold prices in the next year. However, be aware that forecasts can vary widely, and no prediction is guaranteed.