Gold Forecast

Gold Forecast: Fear of a Big Fall in gold if it breaks the level of $1930

Gold Forecast: Gold price (Yellow Metal) renews its intraday low around $1,958.66 as it reverses the previous day’s corrective bounce amid early Wednesday in Europe.

  • Gold price takes offers to reverse the previous day’s corrective bounce off one-week low.
  • Headlines surrounding inflation, banking become necessary for fresh impetus on Gold price.
  • Geopolitical challenges to sentiment, mixed US data joins month-end positioning to recall US Dollar buyers.
  • Yellow Metal U-turn from previous support, failure to cross SMA confluence keeps bears hopeful.

Read more