Gold Technical Analysis: Gold prices have been hovering near multi-day lows around the $1,950 mark early on Monday as sellers take a break before the next potential drop. This comes as the US Dollar recovers against other major currencies due to broad risk aversion and rising US Treasury bond yields. Last week, gold prices dropped from near $1,990 as the US Dollar gained momentum and despite the downtrend in US Treasury bond yields.
gold price analysis
Gold Price to Trend Lower into 1st Quarter 2023
Gold price Forecast: “Fed Chair Powell signaled the Federal Reserve will slow the pace of interest-rate increases next month, but this does not mean rates will not go past 5%. However, market pricing of the terminal rate is now just under 5%.”
Gold Price Analysis: Gold to Slide Below the $1,614 Support
Gold Price Analysis: Gold prices are likely to revisit the previous low of $1,614 as the bearish momentum is set to continue, if gold closes below $1658 today, the bearish trend in gold will continue.
Gold Price Outlook: Gold Strong Hurdle $1,885 | Focus Shifts To Fed
Gold Price (Yellow Metal) pulls back to $1,878, after rising to the highest levels since May 09, during Monday’s Asian session. The precious metal’s latest weakness could be linked to the US dollar’s broad gains ahead of this week’s Federal Reserve (Fed) monetary policy meeting, as well as the risk-off mood. Additionally, a short-term trend line resistance also challenges the bullion buyers.
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.
सोना 1800 डॉलर से उछल रहा है लेकिन रुझान अभी भी मंदी का है।
Gold Forecast Today: सोना 1800 डॉलर के निचले स्तर से उछल रहा है लेकिन कुल मिलाकर रुझान अभी भी मंदी का है। छोटी उछाल इसलिए हो सकती है क्योंकि सोने की कीमतें एक ओवरसोल्ड क्षेत्र के पास कारोबार कर रही हैं
Gold Price Analysis: Below 1908 Gold Target $1890——$1840 Very Very Soon
Gold Price Analysis: Gold price (Yellow Metal) is consolidating slightly beneath its latest high of 1,952 after renewed positive traction from its recent 1,890 trough. The soaring simple moving averages (SMAs) are safeguarding the one-month bullish picture in the precious metal.