Gold Price Forecast: “Money managers liquidated some gold (Yellow Metal) longs and added to shorts as debt ceiling optimism and resilient data helped clear formation of a triple top. Nevertheless, our positioning analytics argue that selling exhaustion is imminent.
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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.
Gold Price outlook: Yellow Metal Hurdle $1,888, Keep US Inflation Eyed
Bullion Price outlook: Gold price (Yellow Metal) clings to mild gains around $1,888 as expectations for softer US inflation underpin cautious optimism during early Thursday. As a result, the US Dollar keeps the recent bearish bias while tracking downbeat US Treasury yields.
MCX Crude Oil Forecast: Expected Target 6500—6800 | Crude Trader’s Need Patience
MCX Crude Oil Forecast, Crude Oil Price Today, MCX Cude Oil Trading Tips: MCX Crude Oil is gearing up for a big rally by buying slowly on any major dips.
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%.”