After gaining around $5 on Tuesday, the XAU/USD pair is staying relatively calm on Wednesday as the upbeat market sentiment doesn’t allow the precious metal to take advantage of the broad USD weakness. As of writing, the pair was virtually unchanged on a daily basis at $1292.50.
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Spot Gold Blast – Gold Near 3 Week High – Happy Holi – Bura Na Mano Holi Hai.
Spot gold gained 0.3 percent at $1,316 per ounce as of 0114 GMT, after touching its highest since Feb. 28 at $1,319 in the previous session.
![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](https://www.goldsilverreports.com/wp-content/uploads/2018/12/gold-silver-shop-neal-bhai-reports.jpg)
Spot Gold Needs a Break $1313 For Target $1321—$1330
Gold is reporting moderate gains at press time, possibly tracking the weak tone in the greenback ahead of the Fed.
MCX Gold SL Hit Below 31700 No Buying – Downside Expected Level 31560—31280
MCX Gold SL Hit Below 31700 No Buying – Downside Expected Level 31560—31280
Silver MCX Trading Call – Above 37699 Level, Target 38400—39100 – Neal Bhai Reports
Silver MCX Trading Call – Above 37699 Level, Target 38400—39100 – Neal Bhai Reports
