Spot Gold 1st Hurdle can be seen at $2,892 (upper boundary of the ascending channel, all-time high) before $2,900 (round level). If gold manages to stabilize above $2,900 and confirms that level as support, then $3,000+++ (psychological level) can be seen as the next Hurdle.
Spot Gold
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Spot Gold Technical Analysis and Forecast [31-01-2025]
This Spot Gold technical analysis page includes a summary for Spot Gold. Trading zones from Strong Buy, Sell, Neutral, Sell to Strong Sell By Neal Bhai.
Gold hits new record high of $2,800 after Trump imposes tariffs
US President said Mexico and Canada are getting slapped with 25% tariffs on Saturday. It’s good news for gold.
Spot Gold price touches the target $2700
Spot Gold price managed to touch our awaited target of $2700.00 and found good resistance there, waiting to gain positive momentum that pushes the price to continue moving within the bullish channel visible on the chart to gain additional gains that extend to $2718.00 as the next key station.
Spot Gold Above $2645 Next Target $2700—$2718
Spot Gold Forecast: There is a lack of clear direction for gold, “The price is declining, as indicated by the two converging trend lines. Crisscross moves around the 50-DMA indicate a lack of clear direction.”
Gold Forecast: China’s central bank is buying more gold
China’s central bank added to its Gold reserves for a second month in December.
Geopolitical risks and trade war fears could provide some support to the safe-haven Gold
Gold price (Yellow Metal) turns lower for the second straight day following an intraday uptick to the $2,645 area on Monday and moves further away from a nearly three-week high touched on Friday.