Gold Spot support and hurdle : The Technical Confluences Indicator shows that gold has managed to recover ground above the powerful resistance now support at $1781, which is the intersection of the Fibonacci 38.2% one-day, SMA5 four-hour and pivot point one-week S2.
gold futures trading
Gold Spot Low $1789 Mint Money or Not | Neal Bhai Reports
Gold Spot Low $1789 Mint Money or Not. Gold markets have broken down during the trading session on Tuesday as the US dollar has picked up a bit of momentum.
Gold Prices Have Oscillated Around The Sticky $1850
Gold prices have oscillated around the sticky $1850 region due to the absence of a fresh directional catalyst. Bulls remain empowered by the great “reflation trade” and surging coronavirus cases, while bears continue to draw strength from a stabilising dollar.
Gold Trades with Modest Losses Around $1850 Region
Gold traded with a mild negative bias through the early European session and was last seen hovering near daily lows, around the $1850 region.
Gold Prices falls over 1%, pinched by firm dollar but on course for weekly gain
Spot gold prices fell 1% to $1,851.50 per ounce by 10:10 a.m. EST (1510 GMT), retreating from a two-week high hit on Thursday. The metal was up 1.4% so far this week.
Gold Spot Below $1852, Door Open $1780 — $1740 – Neal Bhai Reports
Gold Spot Below $1852, Door Open $1780 — $1740. Gold and silver prices suffered steep losses on Friday, tracking a sharp decline in global rates. On MCX, February gold futures slumped 4% or ₹2050 to ₹48,818 per 10 gram while silver futures tanked ₹6,100 or 8.8% to ₹63,850 per kg. In global markets spot gold dropped nearly 4% to $1,833.83 per ounce as a jump in US Treasury yields hammered bullion’s safe-haven appeal.
Gold Price Forecast 2021 : Gold 1Q Outlook Bullish Headed, Target $1965
What started with a bang is now ending with a whimper. After a meteoric rise in gold prices through the first three quarters of 2020 (gaining +24.3% from January 1 through September 30),gold prices cooled off in 4Q’20, having lost around -1% at the time this forecast was written in December 2020.