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.
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 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
Silver Technical Analysis – Below $17.40 Target 16.90 — 16.55 Very Very Soon – Neal Bhai Reports
Spot Gold Trade Frail Below $1500 Mark, Near By Monthly Lows
Spot Gold edged lower through the early European session on Monday and is currently placed at the lower end of its daily trading range, around the $1490 region.
Gold Forecast – Spot gold extends recovery and tested 12 Sep spike high at $1524
Gold Forecast 2019
Spot gold extends recovery through $1520 barrier (50% retracement of $1557/$1483) on Monday and tested 12 Sep spike high at $1524.
Gold and Silver Ratio Travelled Between 83.87 and 84.66
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 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.