Gold Price Analysis: Gold price managed to defend the critical rising trendline support at $1765, despite a brief dip below it, as the bulls found fresh bids at the horizontal 21-Daily Moving Average (DMA) at $1760. Although gold rebounds towards the key $1795 barrier, downside risks remain intact.
Gold Price Forecast: Gold prices lock in some fresh gains above $1,770 amid a recent pullback in the greenback. The US benchmark Treasury yields trade lower at 1.57% with 0.57% losses, which weigh on the greenback.
Gold Prices Today: Gold futures traded higher on Monday, October 18, as the yellow metal took cues from international spot prices. On the Multi Commodity Exchange (MCX), gold futures due for a December 3 delivery, were last seen trading higher by 0.11 per cent – at ₹ 47,265, compared to the previous close of ₹ 47,213.
Gold Price Forecast: Gold price is pressuring lows near $1765. Gold eyes $1750 after rejection at the critical 200-Daily Moving Average (DMA) at $1796. Dynamics in the yields and dollar will be closely followed by gold traders.
Gold Price Forecast: Gold reversed an intraday dip to the $1,787-86 region and has now moved into the positive territory for the third successive day. Thegold jumped to near one-month tops during the first half of the European session, with bulls now looking to build on the momentum beyond the very important 200-day SMA.
Gold Prices Today: On Thursday, both gold and silver are trading on the lower side of the Multi Commodity Exchange (MCX). Witnessing a downfall of Rs 109 or 0.23, gold futures, maturing on December 3, 2021, are retailing at Rs 47,808 per 10 grams.
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COMCX Gold Above 1760 Target 1790——1806 | MCX RAJA
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SELL GOLD 47340 TARGETS SO ONLY PAID MORE INFO 9268005555