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.
Spot Gold
Gold Price Short-Term Target and Report
Gold Price Short-Term Target: The daily chart shows that gold trades at the lower end of its weekly range and that the risk remains skewed to the downside. gold develops well below bearish moving averages, with the 20 SMA currently at around $1,688, also the previous week’s high. The Momentum indicator heads south within negative levels, while the RSI recovered modestly and currently hovers around 30.
Spot Gold Weekly Target $1680 OR $1602 ?
Spot Gold Weekly Target $1680 OR $1602 ? — सोने की कीमत अपने 200-सप्ताह के मूविंग एवरेज के नीचे बनी हुई है, इस कारण अमेरिकी केंद्रीय बैंक मजबूत मुद्रास्फीति की स्थिति में ऐतिहासिक रूप से बड़ी क्लिप पर दरें बढ़ाता रहेगा।
AS Expected, Gold and Silver Are Melting Like Ice – Neal Bhai
Gold price (Yellow Metal) has recovered the major portion of losses recorded in the Tokyo session. The precious metal declined sharply to near $1626.00 but recovered firmly and is indicating a formation of buying tail, which indicates a strong resoponsive buying structure. The yellow metal is attempting to shift into the prior balanced area placed in a narrow range of $1,645.00—$1,650.
सोने के लिए $1500 अमेरिकी डॉलर प्रति औंस के स्तर तक और गिरावट संभव
US Fed Policy Decision: डॉलर में तेजी के साथ सोना दो साल से अधिक समय में सबसे निचले स्तर के करीब पहुंच गया, निवेशकों ने फेडरल रिजर्व की ब्याज दरों में बढ़ोतरी के संभावित आकार का वजन किया।
Spot Gold Forecast: Bearish Trend is Likely to Continue | Neal Bhai
Spot Gold Forecast: Gold price failed to break above $1,800 in August, with the downtrend continuing. Key supports of $1,700 and $1,675 have been broken. Strategists, Expect Gold (XAU/USD) to dive towards $1,624.
Gold Steadies After Sinking to Two-Year Low as Rate Hike Looms
Gold steadied after plunging to its lowest level in two years, as economic data from the US increased the likelihood of prolonged monetary tightening and stoked fears of recession.