Gold Technical Forecast: In the near term, and According to the 4-hour chart, some unconfirmed bearish divergences hint at a potential correction. Technical indicators pulled back from their recent highs with neutral-to-bearish slopes, supporting a near-term retracement. At the same time, Gold (Yellow Metal) keeps developing above bullish moving averages, with the 20 SMA accelerating north above the longer ones and acting as dynamic 1st support at around $2,597, and 2nd support at $2574.
Spot Gold
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Spot Gold Above $2603, Very Strong Next Target $2618——$2640 [Don’t Even Think About Selling It]
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Gold Jumps to record high on Fed rate cut outlook
Gold prices charged to a record high on Monday as a weaker dollar and the prospects of aggressive U.S. monetary policy easing boosted non-yielding bullion’s appeal.
ब्याज दर में 50 आधार अंकों की कटौती की संभावना कम होने से सोना 2,500 डॉलर के आसपास कारोबार कर रहा है
सोना (Gold) मंगलवार को 2,500 डॉलर के आसपास कारोबार कर रहा है, जो पिछले कुछ सप्ताहों की अपनी परिचित सीमा के भीतर बना हुआ है, क्योंकि व्यापारी मौद्रिक नीति के दृष्टिकोण और अमेरिका में ब्याज दरों के भविष्य के मार्ग का आकलन कर रहे हैं , जो सोने के लिए एक प्रमुख प्रदर्शन संकेतक है।
Spot Gold Holds Above $2,490
Spot Gold held steady above $2,490 per ounce on Wednesday, after retreating in previous sessions, as investors assessed new economic data and its impact on the Federal Reserve’s interest rate outlook.
