Gold Forecast and Analysis: MCX Live Gold Silver Reports provider. Free MCX Trading Tips from CHARTERED FINANCE ANALYST here calls includes Weekly Live Research Report, Gold, Silver Intraday Trading tips, MCX Gold Positional Calls and Trading Levels.
Is Gold Prices up or down?
GOLD MCX UPDATE : ABOVE 67680 STRONG NEXT TARGET 47000——47254
(50% PROFIT BOOK AND 50% HOLD AND CARRY)
GOLD SPOT ABOVE $1758 NEXT TARGET $1770—$1780
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The U.S. Dollar Index closed the week at 97.767, down 0.48%. It lost ground across the board, including nearly 1% against the Swiss franc. A mix of weakening growth signals and political interference in Fed policy discussions has put the dollar under pressure. Traders are increasingly discussing stagflation risk as inflation remains sticky while growth slows—conditions that historically support gold.
Gold Prices Projection: Bullish Outlook Holds Above Minor Support
Gold remains in a clear uptrend. Minor support is located at the former top of $3,500.20. The trend is currently being controlled by the main swing bottom at $3,311.56 and the 52-week moving average at $3,005.17. As long as those levels remain unchallenged, pullbacks are expected to attract buyers.
With the Fed decision just ahead and rate cut expectations elevated, the short-term gold prices forecast remains bullish.
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