Will gold prices continue to fall? The rise in interest rates and low liquidity created pressures on the international gold prices during February 2021.
Gold silver futures prices slip on Tuesday, even as analysts believe the recent risk-off sentiment may revive safe-haven bets for bullion. Analysts said the upcoming announcement of further stimulus measures by the newly elected US government may support gold, as a perfect hedge against possible inflation.
Spot Gold Price Forecast & Analysis 01 March 2021 : Gold price’s last decline stopped at $1716.00 level, to rebound bullishly and begins recovering now, as it surpassed the intraday bearish channel’s resistance that appears on the chart and opens the way to continue the rise in the upcoming sessions, on its way to test $1760.00 mainly.
Gold price headed for its worst month since late 2016 as a stronger dollar and expectations for improving economies diminish demand for the haven asset.
Gold Silver MCX Tips Today Rocking Bullion Rocket. Gold technical Forecast : On chart, the Relative Strength Index (RSI) indicator is edging higher toward 60, suggesting that gold has more room on the upside before becoming technically overbought.
GOLD Spot Weekly Outlook (February 22 – 26, 2021). Improve your technical analysis of live gold prices with the real-time gold (XAU/USD) chart, and read our latest expert analysis and gold price forecast.