Gold Forecast: Gold prices managed to keep the post-Fed gains towards the neckline of the weekly inverse Head-and-Shoulders (H&S) bullish chart pattern, backed by the upbeat MACD signals.
Spot Gold
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ग्रोथ चेतावनियों से सोने की हेवन अपील नरम पड़ गई – Neal Bhai
सोने की हेवन अपील नरम पड़ गई — वैश्विक आर्थिक मंदी की चेतावनी के साथ, सोना एक और रैली की ओर बढ़ सकता है, जो $ 1,930 प्रति औंस की ओर एक नए धक्का का मार्ग प्रशस्त कर रहा है।
Gold Price Outlook: Gold Strong Hurdle $1,885 | Focus Shifts To Fed
Gold Price (Yellow Metal) pulls back to $1,878, after rising to the highest levels since May 09, during Monday’s Asian session. The precious metal’s latest weakness could be linked to the US dollar’s broad gains ahead of this week’s Federal Reserve (Fed) monetary policy meeting, as well as the risk-off mood. Additionally, a short-term trend line resistance also challenges the bullion buyers.
Gold Price Outlook: Fed expected to hike its policy rate by 50 bps next week
Gold Price Outlook: Next week, the Federal Reserve is widely expected to hike its policy rate by 50 basis points to the 1.25%-1.5% range. The Fed remains on track to opt for another 50 bps rate increase in July and it shouldn’t be a surprise if that’s confirmed.
Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]
![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](https://www.goldsilverreports.com/wp-content/uploads/2018/12/gold-silver-shop-neal-bhai-reports.jpg)
Gold Price Intraday Technical Forecast: The Intraday chart for the gold (Yellow Metal) shows that the price managed to bounce from converging 20 and 200 SMAs, at around $1,840 Technical indicators have turned marginally higher but without strength enough to confirm further gains, as the RSI is still below its mid-line.
Gold testing bearish commitments at Critical Triangle Resistance on the Daily Chart
Bullion Forecast: Gold Price picked up renewed bids on Thursday and stormed through the $1,850 hurdle to hit fresh monthly highs at $1,871, surpassing the previous week’s top of $1,870. In doing so, the yellow metal extended Wednesday’s upturn from ten-day troughs of $1,829.
Yellow Metal Price Forecast: Gold Intraday Technical Outlook – Neal Bhai
Yellow Metal Price Forecast, Gold Intraday Technical Outlook: The yellow metal (Gold) attracted some dip-buying near the $1,842 region on Tuesday. The overnight optimism led by the easing of COVID-19 lockdowns in China turned out to be short-lived amid doubts if central banks can hike interest rates to curb inflation without impacting economic growth.