Gold Price Analysis: Gold prices are likely to revisit the previous low of $1,614 as the bearish momentum is set to continue, if gold closes below $1658 today, the bearish trend in gold will continue.
Spot Gold
At Gold Silver Reports, we provide real-time updates on Spot Gold (XAUUSD) with live prices, expert analysis, and daily trading insights. Stay ahead with accurate forecasts, support & resistance levels, and global gold market trends to guide your trading strategies.
Gold Price Forecast: Gold Maintains Modest Gains Near $1,672 Area
Gold Price Forecast: Gold attracts fresh buying near the $1,658 support area on Wednesday and snaps a five-day losing streak to over a one-week low. The gold (Yellow Metal) holds on to its modest intraday gains, around the $1,672 region through the first half of the European session, though the uptick lacks bullish conviction.
Recession Fears, Support to the Safe-Haven Gold
Gold struggles to gain any meaningful traction on Thursday and seesaws between tepid gains/minor losses through the early North American session. The Yellow metal is currently placed in neutral territory, around the $1,720 region as traders await a fresh catalyst before positioning for the next leg of a directional move.
Gold Forecast: Gold Price Short Term technical Report [06-10-2022]
Gold Forecast: Stocks fell on the news, helping the dollar to appreciate even against the safe-haven gold. However, an upbeat US ISM Services PMI brought back mild optimism.
Gold Price Forecast: Gold Rises by 8,334 lots in Bearish Condition
Gold Price Forecast: Speculators turned bearish in COMEX gold (Yellow Metal) last week by 8,334 lots, taking their net short positions to a new 3-year high of 41,300 lots as of September 27. Meanwhile, investors continued to liquidate their gold holdings during the past week with total known ETF holdings falling by 1.1m oz. ETF gold holdings declined by about 2.8m oz during September and by about 7.3m oz in the third quarter.
Gold Forecast Today: Yellow Metal Mrches towards $1,680 amid lower consensus for US ISM data
Gold Forecast Today: Gold price (Yellow Metal) has given an upside break of the minor consolidation, in early Asia, formed in a $1,665. The precious metal is marching towards the critical hurdle of $1,680.00 as the market participants are expecting a decline in the US ISM Manufacturing PMI data, which will release on Monday.
Gold Forecast: What will happen Next in Gold Prices [Hindi]
Gold Forecast: महत्वपूर्ण सवाल यह है कि साल के आखिरी महीनों में सोना कहां होगा। ठीक है, मेरे पास क्रिस्टल बॉल नहीं है, लेकिन जाहिर है कि अमेरिकी मौद्रिक नीति के इस कड़े चक्र के दौरान सोना अधिक संघर्ष कर सकता है। जब तक मुद्रास्फीति 2 प्रतिशत के लक्ष्य के करीब नहीं आ जाती, तब तक ब्याज दरें ऊंची बनी रहेंगी। फेड सभी तरह से 4.5% तक जा सकता है। फेड जितना अधिक आक्रामक होगा और फेडरल फंड्स रेट का अपेक्षित मार्ग जितना तेज होगा, सोने के लिए उतना ही बुरा होगा।