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
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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.
Comex Gold Rock Hard Support Level $1525, Above Don’t Sell – Buy and Hold 1000—500 Lots – Sell Karna Mana Hai
Comex Gold Rock Hard Support Level $1525, Above Don’t Sell – Buy and Hold 1000—500 Lots – Sell Karna Mana Hai
The Gold, “price breakout is now approaching targets into uptrend resistance – look to reduce long-exposure / raise protective stops on a rally into the upper parallels.”
Gold Prices Start New Bull run, Target $1,700 ounce
Gold prices is en route to test $1,800 and its rally are unnerving Dow Jones investors. The price of gold has spiked 7.5% within three weeks since late December and its strong rally is unnerving investors in the U.S. stock market.
Gold Seller Trap, Refreshes multi-year Top to cross $1606.12 Amid Calls of Iran Attacks
Markets are now rushing to risk-safety but will also keep eyes on the US President Trump for further direction, Gold extends its northward trajectory to the levels last seen in April 2013.