Gold was steady as investors weighed the outlook for monetary policy against the risks posed by the omicron virus variant to the global economic recovery.
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 Level: Elliott Wave Analysis
Gold is higher, making nice extensions from the 1782 level; which can be even an impulse, but for now we will stick with wave “c” of C that can be looking for more upside today to complete a red wave degree cycle.
Gold 1h Elliott Wave analysis
Gold Forecast 2022 | Will Gold Improve Its Behavior in 2022?
Gold forecast 2022: Will gold (Yellow Metal) improve its behavior in 2022? You thought that 2020 was a terrible year, but we would be back to normal in 2021? Well, we haven’t quite returned to normal. After all, the epidemic is not over, as new strains of coronavirus emerged and spread last year. Actually, in some aspects, 2021 was even worse than 2020. Two years ago, the pandemic was wreaking havoc. Last year, both the pandemic and inflation were raging.
Gold Price Analysis: Surge reaches $1,815
Gold Price Analysis: The price for gold has reached the 1,815.00 mark, where the late November high-level resistance zone is located at. Namely, the 1,812.50—1,815.80 zone acts as resistance.
Gold Prices Contemplates Next Move Ahead of ECB, BOE Decisions
Gold prices enjoyed good two-way businesses on the much-awaited hawkish Fed decision, with the bulls finally fighting back control from two-month lows of $1,752.70. The Fed doubled the pace of tapering to $30 billion per month while the dot plot showed three rate hikes for 2022.
Gold (Yellow Metal): Direction To Be Determined By Fed Policy
Gold (Yellow Metal)has two very strong, but contradictory price actions signals on the monthly chart. There are two simultaneous Harami inside bar fans’ break patterns.
Spot Gold Current price $1,772, Bearish breakout $1,745
Gold Price Forecast: Gold prices plunged heading into London’s close, hitting $1,766.38 a troy ounce. The dollar gathered momentum following the release of the US Producer Price Index, which hit a record 9.6% YoY in November, higher than anticipated.