Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]

Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]

Gold Price Intraday Technical Forecast: The Intraday chart for the gold (Yellow Metal) shows that the price managed to bounce from converging 20 and 200 SMAs, at around $1,840 Technical indicators have turned marginally higher but without strength enough to confirm further gains, as the RSI is still below its mid-line.

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Gold Price Technical Analysis

Spot Gold Price Technical Analysis: Above $1907 Next Key $1922

Spot Gold Price Technical Analysis: Boosted by a weaker dollar and growing inflationary pressures, gold prices rose to a near five-month high on Tuesday. The spot gold was up 0.2 per cent at $1,911.45 per ounce by 0255 GMT, after hitting its highest since Jan. 8 at $1,914.26 earlier in the session.

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