As the next 6-month low in gold approaches, I wanted to share some thoughts on where I believe the bull market in gold is headed. Any dip from here is considered a long-term buying opportunity.
gold market news
Gold Spot Tips Today – Below $1912 Target $1864——$1834——$1815——$1780
Gold Spot Tips Today – Below $1912 Target $1864——$1834——$1815——$1780 – GOLD PRICE TRADES BELOW 50-DAY SMA FOR FIRST TIME SINCE JUNE
GOLD FUNDAMENTAL OUTLOOK, INFLATION EXPECTATIONS, FEDERAL RESERVE, US DOLLAR
GOLD FUNDAMENTAL OUTLOOK – The fundamental environment nurturing gold’s surge to fresh record highs has shown little signs of abating, despite a noticeable stabilization of the Federal Reserve’s balance sheet in recent weeks and the inability of US policymakers to deliver an additional round of much needed fiscal stimulus, as the upcoming FOMC meeting shifts into focus.
Gold Price Prediction – Prices Rise and Recapture Resistance as the Dollar Slides
Gold price rose on Monday the dollar moved lower. Prices were finally able to capture resistance which now supports near the 10-day moving average at 1,949. Target support is seen near the 50-day moving average at 1,889.
Gold Price Heads for Third Weekly Decline as Powell’s Speech Assessed
Gold price headed for a third weekly drop as investors weighed the impact of the Federal Reserve’s new approach to setting U.S. monetary policy, with a more relaxed stance on inflation.
Spot Gold Melt Like ICE – $1960 To $1911.24 – Neal Bhai
Spot gold eased on Friday as the dollar edged higher, denting bullion’s appeal and setting it on track for a second weekly decline, while lingering concerns over the path to recovery from the coronavirus limited losses.
Spot Gold Set for Worst Week Since March, Pressured by High Yields – GSR
Spot gold dipped 0.3% to $1,946.56 per ounce by 10:53 am EDT (1453 GMT) and U.S. gold futures fell 0.8% to $1,953.80.