Gold Bulls Remain: Having failed several attempts to resist above the $1,870 threshold, gold price continues to hover in a familiar range above the critical $1,845 support.
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 Today Down After Rising To Nine-Month Highs – Neal Bhai
Gold price retreated in Indian markets today from nearly nine-month highs amid soft global cues. On MCX gold edged 0.08% lower at ₹49,000 per 10 gram while silver rose 0.18% to ₹66,356 per kg. In the previous session, gold had hit a nine-month high of ₹49,600 per 10 gram but could not sustain at higher levels.
Spot Gold Prices Expected Tests Trendline
Spot Gold: The bulls are pushing towards $1,884 a major resistance where last June’s sell-off started. Strong selling pressure is possible in that supply zone as short-term buyers may take profit and reassess the directional bias.
Gold Forecast: Above $1925 Target Price $2000 – $2030 – Gold Silver Reports
Spot Gold has refreshed five-month highs at $1,870 after breaking key resistance at $1,834. Strategists expect gold to stage a significant leg higher on a break above the June peak at $1,925.
Gold Forecast: Bears lookout for a downside Correction for the days ahead
Gold Forecast: The price of gold has stalled at the start of the week which could encourage the bulls to take profits in anticipation of a significant correction to test prior resistance on the daily chart. At the time of writing, gold is losing over 0.20% and has dropped to test the low of $1,860.99 so far. $1,860 is a key level on the hourly chart.
Spot Gold Hold Above $1,850 level ahead of US Data
Gold (Yellow Metal) Reports: Spot gold is holding the lower ground just above $1,850, maintaining its consolidative mode after facing stiff resistance near the $1,868 region. The improving market mood appears to be weighing down on gold price, as the bulls fail to benefit from a broad retreat in the US dollar from yearly highs.
Gold Is Back in Vogue With Bulls Loving Faster Inflation Again
For much of this year, rising inflation has been bad news for gold. Now it’s giving the metal a shot in the arm.