Gold Spot : Buy Above $1858, Target $1900 — $1920 (Buy 1000—500 Lots)
GOLD PRICE DAILY CHART – DESCENDING TRIANGLE IN PLAY?
Technical Outlook
Gold prices steadies on hopes of U.S. coronavirus relief deal
Gold prices were steady near the key $1,900 per ounce level in early Asian trade on Monday supported by expectations of a new U.S. stimulus package before Election Day.
For Nine years the $1,920 level loomed large for Gold prices, As this was the prior All-Time-High set in 2011
It’s now been a couple of months that the bullish trend in Gold has been on pause; and this comes after an aggressive topside trend had taken-over this summer. After digesting over a two-month pattern from mid-April into mid-June, bulls took over to build a rally that drove for much of the next two months.
Gold prices had coiled into a falling wedge pattern but a failed break has muddied the outlook (2020)
Gold prices looked primed for a topside break out last week as it coiled into a falling wedge formation. The pattern was marked by a descending trendline to the topside, derived from the August high, and a trendline on the lower end around the $1,850 mark.
Gold Spot Above $1870, Short Term Up Side Target $1907—$1918 – Neal Bhai
![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](https://www.goldsilverreports.com/wp-content/uploads/2018/12/gold-silver-shop-neal-bhai-reports.jpg)
Gold Spot Above $1870, Short Term Up Side Target $1907—$1918 – Neal Bhai
Gold Forecast – How Gold Prices Could Exceed $10,000
As the next 6-month low in gold approaches, I wanted to share some thoughts on where I believe the bull market in gold is headed. Any dip from here is considered a long-term buying opportunity.
Gold Spot Tips Today – Below $1912 Target $1864——$1834——$1815——$1780
Gold Spot Tips Today – Below $1912 Target $1864——$1834——$1815——$1780 – GOLD PRICE TRADES BELOW 50-DAY SMA FOR FIRST TIME SINCE JUNE