Ethereum price declined almost 11% on Monday. It continued its downtrend the next day and retested its daily support level at $2,359. At the time of writing on Wednesday, it hovers around $2,486 level.
Technical Analysis
Gold hits record high on Trump’s tariffs
Gold News Todays: Gold rose to a new all-time high after US President Donald Trump imposed tariffs on Canada, Mexico and China, driving investors to safe havens, ING’s commodity analysts Warren Patterson and Ewa Manthey notes.
![Spot Gold Technical Analysis and Forecast [31-01-2025]](https://www.goldsilverreports.com/wp-content/uploads/2024/08/gold-crucial-update-30082024.webp)
Spot Gold Technical Analysis and Forecast [31-01-2025]
This Spot Gold technical analysis page includes a summary for Spot Gold. Trading zones from Strong Buy, Sell, Neutral, Sell to Strong Sell By Neal Bhai.
Spot Gold Above $2645 Next Target $2700—$2718
Spot Gold Forecast: There is a lack of clear direction for gold, “The price is declining, as indicated by the two converging trend lines. Crisscross moves around the 50-DMA indicate a lack of clear direction.”
Gold Forecast: China’s central bank is buying more gold
China’s central bank added to its Gold reserves for a second month in December.
Gold Forecast: Prices rise as China buys gold
Spot Gold Forecast: Gold price rallied by a gap of $10 in early trade on Monday, driven by the geopolitical situation and fresh buying demand.
Reason for rise in gold prices? Fed’s intentions, Israeli-Palestinian, North-South Korea tensions
Spot Gold tests resistance at $2,670. Gold pauses after bouncing following the end of a pullback. The precious metal appears to resume its dominant uptrend after a three-wave (abc) correction concluded at the October 10 lows.
Gold Investors Await Fed Policy Announcements
Gold Investors And Fed Policy: The US economic calendar will feature Retail Sales data for August on Tuesday. Investors expect a monthly increase of 0.2% following the 1% growth recorded in July. A negative print could make it difficult for the USD to find demand and help Yellow Metal edge higher. Nevertheless, the market reaction is likely to remain short-lived, with investors refraining from taking large positions ahead of the Fed’s monetary policy announcements on Wednesday.
ट्रेडिंग प्लान: क्या अमेरिकी सीपीआई डेटा के बाद निफ्टी और बैंक निफ्टी में उछाल आएगा?
ट्रेडिंग प्लान: अगस्त 2024 के लिए नवीनतम उपभोक्ता मूल्य सूचकांक (CPI) आंकड़ों से पता चला है कि अमेरिका में वार्षिक मुद्रास्फीति (inflation) दर लगातार पांचवें महीने धीमी होकर 2.5 प्रतिशत हो गई है।
ब्याज दर में 50 आधार अंकों की कटौती की संभावना कम होने से सोना 2,500 डॉलर के आसपास कारोबार कर रहा है
सोना (Gold) मंगलवार को 2,500 डॉलर के आसपास कारोबार कर रहा है, जो पिछले कुछ सप्ताहों की अपनी परिचित सीमा के भीतर बना हुआ है, क्योंकि व्यापारी मौद्रिक नीति के दृष्टिकोण और अमेरिका में ब्याज दरों के भविष्य के मार्ग का आकलन कर रहे हैं , जो सोने के लिए एक प्रमुख प्रदर्शन संकेतक है।