Neal Bhai Gold Forecast: There is a very good news for those who trade gold and silver because there is going to be a recession in gold and silver in some time.
Gold Forecast Today
Gold Price Forecast: Gold Unlikely to Fall Below $1,900 Despite Rate Hike Speculation
Gold price forecast: Gold price has given back some of its gains of the past two weeks. However, economists at Pia Chauhan consider the further correction potential to be limited, which is why they have raised their forecast for Yellow Metal.
Gold Forecast: Gold prices will fall for Today
Gold Forecast: Gold steadied a bit around $1750 after witnessing a fall in past few sessions. Dollar eased off a 20-year high, offsetting some pressure from expectations of the Fed keeping interest rates higher for longer to combat inflation.
Below $1,744 Downside open For Gold Bear Traders [19-08-2022]
Gold Forecast for Today: “A sustained move below the $1,744 psychological level will be on their radars to aim for the next downside target near the $1,732—$1,724 region.”
MCX Gold Trend Forecast: Buy Zone 51550—51350 Levels [16-08-2022]
MCX Gold Trend Forecast and Target By Neal Bhai: Core inflation, which strips out volatile food and energy costs, accelerated 5.9% from a year ago, surprising slightly on the downside but maintaining the same pace as in June.
Gold Trend Sideways: Spot Gold Support at $1727 Resistance at $1812 per Ounce
Spot Gold Trend Sideways: Bullion prices shed weekly gains on Friday after the US reported stronger than expected private payroll numbers. The improved job market report has raised market expectations of aggressive rate hikes and eased worries over recession. The US Nonfarm payrolls rose 528,000 last month, more than double economists’ estimates.
Gold testing bearish commitments at Critical Triangle Resistance on the Daily Chart
Bullion Forecast: Gold Price picked up renewed bids on Thursday and stormed through the $1,850 hurdle to hit fresh monthly highs at $1,871, surpassing the previous week’s top of $1,870. In doing so, the yellow metal extended Wednesday’s upturn from ten-day troughs of $1,829.