The inflation beast is growing stronger. Unfortunately for gold prices bulls, we cannot say the same about the yellow metal. Is sacrifice going on tomorrow?
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 Rebounds From Fresh Weekly Lows
Gold Price Rebounds: Traders are likely unsure how gold would react to another upside surprise this time around. If demand for inflation protection dominates, gold could be headed back to weekly highs and its 200DMA. If bets on a hawkish Fed shift dominate, gold could be headed under recent lows in the $1,760s.
Gold Price Outlook For Consumption in 2022 Remains Strong
Gold Price Outlook: Gold consumption in India will probably be the best in at least a decade in the current quarter as buyers stocked up for festivals in November and the peak wedding period that followed, according to the World Gold Council.
Gold Price: Bears waiting to move in if solid NFP outcome
The gold price has remained firm despite the bearish bias from a technical perspective, as illustrated below where the $1,750s were marked out as a target for the closing sessions of the week.
Gold Price Sees a Dead Cat Bounce as Downside Remains Compelling
Gold price extended the previous week’s bearish momentum into the second straight day on Tuesday. The bright metal tumbled to fresh four-week lows of $1,770, incurring heavy losses in yet another volatile session triggered by Fed Chair Jerome Powell’s testimony and persistent Omicron covid variant fears.
Gold Price Forecast: Below $1790 Downside For Gold as Key Support
Gold Price Forecast: Gold price fell for the second straight day on Monday, starting out a fresh week on the wrong footing while extending the previous week’s broad decline. After reattempting the $1800 mark in the first half of the day, gold price came under fresh selling pressure and fell back to test the key $1,790 support zone.
Gold Price Forecast: Gold Broke The Four Day Trend of Decline
Gold Price Forecast: Yellow Metal edged higher on Wednesday and snapped four successive days of the losing streak to the lowest level since November 4, though lacked any follow-through buying.