Gold price has regained poise and looks to take on the key resistance & target at $1765—$1,778, which is the convergence of the previous day’s high and Fibonacci 38.2% one-month.
Spot Gold
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MCX Gold 46580 Silver 59653 All Target Hit – Neal Bhai Reports
Gold (Yellow Metal) reversed an early North American session dip closer to multi-week lows and shot back above the $1,741 level in the last hour, albeit lacked follow-through. The uptick was exclusively sponsored by the softer US dollar, which tends to benefit the dollar-denominated commodity.
नवंबर के बाद सोना में गिरावट देखने को मिल सकती है
नवंबर के बाद सोना में गिरावट: Powell also downplayed the inflationary risk. He acknowledged that inflation has stayed at a high level for longer than the Fed expected, but, at the same time, he reiterated the Fed’s view of the transitory nature of elevated inflation:
SPOT GOLD REPORTS : Gold Current Price $1741 Target PC | Neal Bhai
Gold (Yellow Metal) price in India dropped below Rs 46,000-mark on Tuesday. Gold price remained under pressure since last week despite an unchanged monetary policy by the US Federal Reserve.
Spot Gold Forecast: Above $1730 Target $1770——$1792 | Neal Bhai
Spot Gold Forecast: Biden scaled back on his infrastructure bill. However, with all the remaining cards still in play, his economic agenda should be positive for gold.
Gold Price Could Remain Volatile in Range Between $1,742—$1,806
Gold price snapped its three-day recovery momentum and returned to the red on Wednesday, hurt by the US Federal Reserve’s (Fed) hawkish surprise and the renewed optimism over China Evergrande repayment story. In the early part of the day, gold remained in a consolidative mode in familiar ranges around $1778, in a typical pre-Fed caution trading.
Spot Gold Prices Ready For Up-Move (Need Patience) | NEAL BHAI
The spot gold (Yellow Metal) settled below the $1790 mark and edged lower through the Asian session on Thursday, marking the second successive day of a negative move.