Gold price rose on Monday the dollar moved lower. Prices were finally able to capture resistance which now supports near the 10-day moving average at 1,949. Target support is seen near the 50-day moving average at 1,889.
Technical Outlook
Gold Spot Target : Above $1900 Target $2035—$2130—$2182 – Neal Bhai Reports
Positional Gold Spot Target : Above $1900 Target $2035—$2130—$2182 Gold prices climbed to their highest level in nearly two weeks on Monday, as the dollar weakened and the U.S. Federal Reserve’s new policy framework suggested that interest rates would remain low for some time.
Gold Rebounds on Weak Dollar With Investors Weighing Fed Policy
Gold climbed, recovering from Thursday’s drop, as the dollar sank with investors weighing the impact of the Federal Reserve’s new approach to setting U.S. monetary policy.
Gold Below $1960 Down Trend Target $1862—$1834 – Neal Bhai
Gold Below $1960 Down Trend Target $1862—$1834, Gold rebounded Wednesday, extending a series of wild swings that saw the metal hit a record on Friday before plunging to below $1,900 an ounce.
Gold Accelerates Higher on Fragile Economic Recovery Hopes – GSR
Gold extended its record-breaking run on Thursday, driven by expectations of more monetary response as surging virus cases continue to pummel the U.S. economy.
GOLD EXTENDS BULL TREND TO 1900
Overbought markets can be complicated things: While the backdrop is less assuring for continuation, there’s usually a reason for why the market became overbought in the first place. And, those reasons can certainly continue… and continue and continue, just as we’ve seen in Gold.
Gold MCX Full Target Done – Silver SL Hit – Neal Bhai Reports
Gold MCX Full Target Done 50850 To 51184 – Silver MCX SL Hit – Neal Bhai Reports
Gold price maintained its daily gains after the U.S. new home sales beat expectations in June, rising 13.8% versus the expected 4% increase. May numbers were also upwardly revised to 19.4% advance.