The gold and silver ratio travelled between 83.87 and 84.66 with a bullish bias as gold surges on. However, Gold for December delivery on Comex dropped $9.60, or 0.6%, to settle at $1,506.20 an ounce.
Spot Gold
Real time Spot Gold forecast for today
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Spot Gold Bearish Traders are likely to Aim Towards Testing the Target $1440 Level
Spot Gold Bearish traders are likely to aim towards testing the $1440 support area. Gold maintained its bid tone through the mid-European session on Wednesday and for now, seems to have snapped four consecutive days of losing streak.
Gold Spot If Close Below $1480 Sell MCX Gold Again 100–500 Lots – Neal Bhai Reports
Gold Spot If Close Below $1480 Sell MCX Gold Again 100–500 Lots – Neal Bhai Reports
News that the U.S. and China agreed to work toward a fresh round of trade talks next month provided a boost to the U.S. and global stock markets, and a stronger-than-expected private-sector employment data also helped to ease worries about a slowdown in the economy, damaging the metal’s haven appeal.
![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](https://www.goldsilverreports.com/wp-content/uploads/2018/12/gold-silver-shop-neal-bhai-reports.jpg)
Spot Gold Kiss New 2 week Lows Below $1500 Level – Gold Silver Reports
Spot Gold resumed the decline, falling again below $1,500/oz. Price bottomed at $1,497 the fresh two-week low. It bounced back to the upside and as of writing is hovering around $1,500 down for the day but off lows. On the flip side, under the daily, the next support emerges at $1,492.
Gold $1,550 is the level to beat for the Bulls, $1,517 is the level to beat for the Bears
Gold COMEX While $1,550 is the level to beat for the bulls, $1,517 is the level to beat for the bears. Gold is currently trading at $1,543, representing 0.22% losses on the day.
Alert – All NYSE, COMEX Trading Holidays 02 September 2019 Labor Day (MONDAY) All Session Closed
Alert – All NYSE, COMEX Trading Holidays 02 September 2019 Labor Day (MONDAY) All Session Closed
Spot Gold Short-term support lies at $1,525
Spot Gold – In addition to portfolio managers buying up gold as their preferred safe-haven trade, central bank purchases are expected to provide an additional level of support over the next couple of years. Emerging market demand for gold should provide major support to what is an already very strong …
Precious Metals: Near Term Correction Due
Precious Metals – ABN AMRO’s Senior precious metals strategist, Georgette Boele, notes that gold prices have gained 17% this year and argues that gold prices have risen too sharply in a short period and are likely to make a correction in the coming months.
Spot Gold Break $1480, Bears can Target a Deep Retracement back to the $1440 — $1408
Spot Gold Updates : The absence of further escalation, on a break back below the $1480, bears can target a deep retracement back to the $1440—$1408.
Spot Gold Bulls Will Need to Break Above 1,511 – Gold Silver Reports
The Spot Gold bulls will need to break above 1,511, the 2019 high, to travel north towards 1,530.00 and 1,555.00 resistances. Gold is trading above its main simple moving averages suggesting bullish momentum in the medium term. Support is seen at 1,472.00 and the 1,452.00 levels.