Gold Forecast: Concerns over slowing growth in the face of an aggressive Federal Reserve are stirring serious recession fears. We feel despite aggressive rate hikes, inflation will not subside considerably unless energy prices cool down.
Gold Forecast
Yellow Metal Price Forecast: Gold Intraday Technical Outlook – Neal Bhai
Yellow Metal Price Forecast, Gold Intraday Technical Outlook: The yellow metal (Gold) attracted some dip-buying near the $1,842 region on Tuesday. The overnight optimism led by the easing of COVID-19 lockdowns in China turned out to be short-lived amid doubts if central banks can hike interest rates to curb inflation without impacting economic growth.
Gold Price Short Term Technical Forecast [25-06-2022]
Gold Technical Forecast: According to the daily chart, gold (Yellow Metal) is poised to extend its decline. Yellow Metal has retreated below a mildly bearish 20 SMA while it approaches a directionless 200 SMA, offering dynamic support around 1,837.00. Technical indicators, in the meantime, retreat from their midlines, gaining bearish traction within negative levels.
Gold Daily Close at $1830 Above 200-DMA Strengthened Bullish Interest
Gold Forecast and Outlook: The Doji candlestick formation on Wednesday, following Tuesday’s decline, likely suggested that bears were losing control.
Gold Update: Fed Chair Powell offered No Respite to The Market
Gold Update: “Powell voiced a willingness to take rates beyond neutral in an effort to tame inflation, while sounding tone-deaf regarding economic worries given data is still robust for the most part.”
Spot Gold Forecast: Gold Support $1,808, Keep Eye on US Data
Spot Gold Forecast: Considering the yellow metal’s moves since April 18, gold portrays a falling wedge bullish chart pattern on the four-hour play. That said, nearly oversold RSI (14) keeps gold buyers hopeful of further recovery moves.
Spot Gold Forecast: If Gold Daily Close Below $1,925? [23-04-2022]
Spot Gold Forecast Report: March Durable Goods Orders data and the Conference Board’s Consumer Confidence Index for April will be featured in the US economic docket on Tuesday. Ahead of Thursday’s first-quarter Gross Domestic Product report, however, investors are likely to ignore Tuesday’s data.
Gold Forecast And Technical Outlook For Today [30-03-2022]
Gold Forecast And Technical Outlook For Today: The spot gold price (Yellow Metal) is stalling at an hourly resistance zone near $1926—$19,33 while Russia promised at the peace talks in Istanbul to drastically scale down its military operations around Kyiv and the northern Ukrainian city of Chernihiv.
Gold Forecast For Next Week 21 To 25 February 2022
Gold Forecast For Next Week: Geopolitics is likely to remain the primary market driver next week. A de-escalation of tensions could trigger arisk rally andcause gold (Yellow Metal) to come under heavy selling pressure. On the other hand, a prolonged threat of a Russian invasion could provide another boost to gold by forcing investors to stay away from risk-sensitive assets.
Gold Forecast: Will Gold Prices Fall or Rise? – Neal Bhai Reports
Gold Forecast: Tensions between Russia and Ukraine pushed the gold price to an almost two-month high at the end of the week.