Gold Technical Forecast: According to the daily chart, gold (Yellow Metal) is poised to extend its decline. Yellow Metal has retreated below a mildly bearish 20 SMA while it approaches a directionless 200 SMA, offering dynamic support around 1,837.00. Technical indicators, in the meantime, retreat from their midlines, gaining bearish traction within negative levels.
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Weakness in the dollar index along with a fall in U.S. Treasury yields from their recent highs has provided a supportive environment for gold.
Nifty Weekly Technical Forecas: Traders continue getting tossed around by the market. We started weak, rallied up, then gave it all back, only to rally back again by the end of the week. So, the saga of volatility continues. Intra-week trading remained very difficult as gaps and lack of a follow-through kept taking a toll on whatever positions were created. The VIX moved sharply as uncertainty deepened and nervousness increased. Everyone is searching for a bottom that is proving to be elusive so far. The week in pictures was thus.
Gold Price Forecast and Outlook: Gold (Yellow Metal) is back above a two-year-old resistance trendline and so far reclaimed the 200-DMA at $1835 That said, the non-yielding metal bias shifted from negative to neutral.
Gold Forecast Today: सोना 1800 डॉलर के निचले स्तर से उछल रहा है लेकिन कुल मिलाकर रुझान अभी भी मंदी का है। छोटी उछाल इसलिए हो सकती है क्योंकि सोने की कीमतें एक ओवरसोल्ड क्षेत्र के पास कारोबार कर रही हैं