With the recent trade/political headlines renewing risk aversion, Gold prices take a U-turn from a three-month-old ascending support line while taking the bids to $1,489 amid Wednesday’s Asian session.
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.
Spot Gold Price – Support Between $1487 to $1480 – Gold Silver Reports
Spot Gold Price – Based on this week’s price action and the current price at $1502.60, the direction of the December Comex spot gold on Thursday is likely to be determined by trader reaction to the 50% level at $1492.
Gold’s Struggle for Clear Directional After People’s Bank of China’s (PBOC) Interest Rate Decision
Gold’s struggle for clear directional bias continues after the People’s Bank of China’s (PBOC) interest rate decision.
Gold Daily Chart Indicators are Flashing Bearish Conditions – Gold Silver Reports
Gold Daily Chart Indicators are Flashing Bearish Conditions – Gold risks falling to recent lows near $1,460, having carved out a bearish outside day candlestick pattern on Tuesday.
Gold Report: Negatively Impacted by Positive Newsflow on the US-China talks
Gold Report : Gold is another safe haven that has been negatively impacted by positive newsflow on the US/China talks. The price reaction on major markets yesterday would suggest that despite a weakening dollar, gold is not an asset to be stuck in long should there be a positive outcome from these trade talks today. A bearish outside day candle has flipped the technical outlook towards a negative near term bias once more.
Gold Below $1,513 Target 1,440 — 1,412 — 1,395 – Economy Slowdown Fears Support Yellow Metal
Gold prices Down on Wednesday as investors booked profits after the metal rose as much as 1 per cent in the previous session on signs of an economic slowdown in the United States, with focus shifting to US jobs data due later this week.
Silver Technical Analysis – Below $17.40 Target 16.90 — 16.55 Very Very Soon – Neal Bhai Reports
