Gold Update: “Powell voiced a willingness to take rates beyond neutral in an effort to tame inflation, while sounding tone-deaf regarding economic worries given data is still robust for the most part.”
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.
A Technical Surge is Expected in Gold But The Primary Trend is still Bearish
Gold market reversed its earlier gains after Fed Chairman Powell’s statement that monetary policy tightening could become more aggressive if inflation doesn’t come down.
Spot Gold Forecast: Gold Support $1,808, Keep Eye on US Data
Spot Gold Forecast: Considering the yellow metal’s moves since April 18, gold portrays a falling wedge bullish chart pattern on the four-hour play. That said, nearly oversold RSI (14) keeps gold buyers hopeful of further recovery moves.
Gold Has a Strong Support Around $1917 levels | Neal Bhai
Gold Forecast: With the global central banks moving towards a higher interest rate environment, led by the US Fed, it’s not surprising to see the pressure on Gold prices.
Spot Gold Forecast: If Gold Daily Close Below $1,925? [23-04-2022]
Spot Gold Forecast Report: March Durable Goods Orders data and the Conference Board’s Consumer Confidence Index for April will be featured in the US economic docket on Tuesday. Ahead of Thursday’s first-quarter Gross Domestic Product report, however, investors are likely to ignore Tuesday’s data.
Will Gold Be Able to Move Upwards?
Gold prices have continued to rise at the start of the week after hovering in the $1945 area as covid cases continue to increase in the Shanghai region despite the lockdown announced by the Chinese government.