Gold Price Analysis: Gold prices (सोने की कीमतों) are experiencing losses, reaching a six-week low near $1,950 on Friday morning. This decline is attributed to a temporary pause in the upsurge of the United States Dollar (USD), as the market awaits updates on the US debt ceiling issue and the upcoming speech by US Federal Reserve (Fed) Chair Jerome Powell later in the day.
Gold Tips
Gold Update: Below 56900 Sell on Rise Target 56380—56220——55880
Gold Update, Gold Forecast, MCX Gold Tips Today, MCX Gold Forecast Today: “The next downside target is the falling trendline support at $1,827 should the previous day’s low give way. Further declines could challenge bullish commitments at the horizontal trendline support from the December 30, 2022 low at $1,812.”
MCX Gold Forecast For Today [08-12-2022]
MCX Gold Forecast For Today: Gold Technical chart is showing a formation of the “Bullish Megaphone”, and we can see in the medium term that gold has been strong.
MCX Gold Forecast for Today: Investors cautious ahead of Fed Meeting minutes
MCX Gold Forecast for Today: After being under pressure and a series of negative returns, gold prices snapped the losing streak and concluded Tuesday’s session on a positive note. The yellow metal ended Tuesday’s session at 0.14% higher.
Gold Price Zoom on Russia jitters, Silver High 62950; Buy Yellow Metal on Dips
Gold price is outperforming silver today as risk on sentiment has increased after Poland was hit by a missile. Right after the news, gold witnessed a temporary price spike and was within touching distance of $1800. However prices have retraced back as findings are ongoing whether the missile is from Russia or Ukraine.
Bullion Forecast: Gold Silver May Fall, Before Buy Wait for Deep Correction
Bullion Forecast: Yesterday gold prices came under pressure as after recovering till $1680, it dropped sharply to $1661 on account of a jump in US dollar. The US Dollar jumped as GBP saw sharp drop after Bank of England Governor Andrew Bailey warned fund managers they have until the end of this week to wind up positions as BOE is looking to end its bond buying program.
MCX Gold Silver Prices Slip, Analysts Say ‘Sell on Rise’
MCX Gold Silver Prices Slip: The safe-haven metals are being hit hard by a higher U.S. dollar index and rising U.S. Treasury yields. Traders are looking ahead to key U.S. inflation reports on Thursday. Yesterday the psychological level of $1700 has been breached and is once again testing the levels of $1650-1640.
Gold Price Forecast: Will Gold chart a bull penant on weak US NFP?
Gold Price Forecast: Gold price is trading on the back foot but holding above the $1,700 mark on the final trading day of the week. Despite a three-day downtrend, the bright metal is on track for the largest weekly gain since March, up 3% so far this week.
Spot Gold Weekly Forecast: Keep Eyes on $1,700 as next target
Spot Gold Weekly Forecast: The turmoil in global bond markets caused by the UK gilt sell-off at the beginning of the week weighed on the low-yielding gold. With the benchmark 10-year US Treasury bond yield rising toward 4% on Monday, gold (XAU/USD) turned south and registered its lowest daily close since March 2020 at $1,622.
Gold Weekly Forecast (September 26 – 30, 2022)
Gold (XAU/USD) Weekly Forecast:
Gold Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level $1670, which will be followed by moving up to resistance key level 1700.