Gold Price Analysis – Sellers Defending $1788 Long-Term Level

Gold Price Analysis

Gold Price Analysis – Gold futures are edging lower on Monday after an early session attempt to take out Friday’s high was met with selling pressure. Treasury yields are dipping lower early in the session, but the U.S. Dollar is trading higher against a basket of currencies, suggesting we could be seeing early signs of a risk off trading session.

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Gold Price Analysis

Gold Price Technical Analysis – Target $1739.10 – $1744.30

Gold Price Technical Analysis

Gold Price Technical Analysis: Gold futures are trading at their high of the session late Wednesday as Treasury yields eased after subdued consumer inflation data and an adequate 10-year Treasury bond auction. The drop in yields also drove the U.S. Dollar lower, making dollar-denominated gold more attractive to foreign buyers.

Read moreGold Price Technical Analysis – Target $1739.10 – $1744.30

Gold Price Technical Analysis – Target $1739.10 – $1744.30 via @marketinvestor

Price of Gold Weekly Forecast 08-12 March, 2021

Gold Weekly Forecast

Fundamental price of Gold Weekly Forecast: Despite closing lower last week for the third consecutive time and taking out the June 5, 2020 bottom at $1704.60, the last weekly main bottom before the March 2020 main bottom at 1424.20 that started last year’s rally, there was a subtle sign that gold may have reached a short-term bottom.

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Price of Gold Weekly Forecast 08-12 March, 2021 via @marketinvestor

Gold Price Futures Technical Analysis – Gold Hit Bottom $1687

Gold Price Futures

Gold price futures finished slightly lower on Friday after clawing back earlier losses. Despite reports in the press and from some lazy analysts, the market did not make its low of the session following the release of the stronger-than-expected U.S. Non-Farm Payrolls report.

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Natural Gas Price Forecast – Massive Draw Expected in Next Week’s EIA Report

Natural Gas Price Forecast – Massive Draw Expected : Natural gas futures are trading slightly better on Friday, clawing back some of the losses from the previous session as traders assess the impact of the current unprecedented disruptions on the supply/demand balance.

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