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.
Spot Gold
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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।
Gold Price Short-Term Target and Report
Gold Price Short-Term Target: The daily chart shows that gold trades at the lower end of its weekly range and that the risk remains skewed to the downside. gold develops well below bearish moving averages, with the 20 SMA currently at around $1,688, also the previous week’s high. The Momentum indicator heads south within negative levels, while the RSI recovered modestly and currently hovers around 30.
Spot Gold Weekly Target $1680 OR $1602 ?
Spot Gold Weekly Target $1680 OR $1602 ? — सोने की कीमत अपने 200-सप्ताह के मूविंग एवरेज के नीचे बनी हुई है, इस कारण अमेरिकी केंद्रीय बैंक मजबूत मुद्रास्फीति की स्थिति में ऐतिहासिक रूप से बड़ी क्लिप पर दरें बढ़ाता रहेगा।
AS Expected, Gold and Silver Are Melting Like Ice – Neal Bhai
Gold price (Yellow Metal) has recovered the major portion of losses recorded in the Tokyo session. The precious metal declined sharply to near $1626.00 but recovered firmly and is indicating a formation of buying tail, which indicates a strong resoponsive buying structure. The yellow metal is attempting to shift into the prior balanced area placed in a narrow range of $1,645.00—$1,650.