The overall sentiment is bullish for gold next week with the U.S. dollar, safe-haven demand, and heightened volatility selected as the top three triggers that could push the yellow metal higher in the short term.
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 Spot Rockhard Support Level $1550 Target $1640—$1720 – Neal Bhai
Gold Spot Rockhard Support Level $1550 Above $1550, Big Gold Target $1640—$1720
Above $1550 Level, Don’t Sell Gold
Gold Tips Update – Yesterday Sell Call Rocking Almost 1000 Points – Jo Dar Gaya Samjho Mar Gaya
Gold Tips Update – Yesterday Sell Call Rocking Almost 1000 Points – Jo Dar Gaya Samjho Mar Gaya
MCX GOLD LOW 39052 All Most 1000 Points
GOLD MELTING LIKE ICE
Spot Gold Below 1513 Target and Support Zone $1412 – $1392
Spot Gold surged on Tuesday, rebounding from a five-session decline after the Federal Reserve’s announcement to boostlending eased fears over a crunch in liquidity. It wasn’t safehaven buying that drove gold prices higher. We know that because Treasury and the U.S.Dollar are the true safehavens.
Spot Gold Below $1513 Target $1482—$1458 – Neal Bhai
GOLD PRICE REBOUNDS FROM KEY PRICE ZONE AS FED DEPLOYS CREDIT FACILITY – The price of gold may extend the rebound from the monthly low ($1451) as the Federal Reserve establishes a Primary Dealer Credit Facility (PDCF), with the operations to “offer overnight and term funding with maturities up to 90 days.”
Gold Technical Forecast is Clearly Bullish
The gold technical forecast is clearly bullish from a medium-term perspective. Price action in the week ahead could determine if that forecast is at risk and it will be important to watch a couple of key technical barriers.
Gold $1580—$1585 Zone is an Important Resistance Zone
Gold (XAU/USD) Price Update – The market is forming a base near the $1548 level and the 200 SMA on the four-hour chart. The bulls would need a clear break above the $1,580—$1,585 resistance zone to re-establish the upward bias.