Bullion is best known as a time-honored haven from inflation, but there’s more to its appeal, and plenty of conflicting forces at work that can excite commentators and investors.
comex gold chart
Investors Keep Buying Gold, Real Interest Rates Boost Case for Gold
The U.S. dollar’s reign as the world’s reserve currency is coming under threat, as evinced by the recent surge in gold prices, according to Goldman Sachs Group Inc.
Gold Firms to Near 8-Year Peak as Virus Concerns Boost Demand
Gold prices edged higher on Tuesday, hovering near an eight-year high, as concerns over surging coronavirus cases around the world kept bullion’s safety demand elevated.
Spot Gold Short Term Outlook – 30 June, 2020 – Neal Bhai Reports
Spot Gold Short Term Outlook : Above $1785 the two key targets are the contract high at $1796 and an up-trending at $1800 level. Crossing to the strong side of the up-trending Gann angle will put gold in an extremely bearish position.
Gold Technical Analysis Show The Decline Could Continue …. Neal Bhai
Gold Technical Analysis show the decline could continue, Technical readings in the daily chart suggest that the decline may continue according to Neal Bhai, CFA Analysts @nealbhai GoldSilverReports.
Gold Silver Boom Boom, Told you Market Ready for Big Blast – Gold High 45724 Full Target
Gold Silver Boom Boom, Told you Market Ready for Big Blast – Gold High 45724 Full Target Hit
Should you Buy Gold Now?
Precious metals too have seen massiveintraday movements and virusrelated panic have forced investors to raise cash by selling gold and silver.
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 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.