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 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.
COMCX Gold Above 1760 Target 1790——1806 | MCX RAJA
Gold Price Forecast: Gold edged higher for the second consecutive session on Wednesday, albeit lacked follow-through and remained below the overnight swing highs. Currently trading just above the $1,760 level, a modest US dollar weakness was seen as a key factor that extended some support to the dollar-denominated commodity.
Gold: Buy above the 1750.00 point with the first tick of 1774.00 and the second tick of 1781.00
Gold Price Forecast: Gold prices spike higher after the initial subdued session trading in the familiar trading range as USD retreats and risk-off mood. The US Dollar Index after hovering near to one year high amid surging energy prices and Fed’s tapering expectations slides on a mild pullback.
Gold Price Forecast: Gold reverses Friday’s corrective pullback around $1,755, down 0.08% intraday as European traders brace for Monday’s bell. The yellow metal jumped to a 13-day top following the disappointment from the US Nonfarm Payrolls (NFP).
GOLD PRICE FORECAST: Gold has been trying to string together a rally as of late, but its inability to get into gear suggests that recent strength is nothing more than a corrective move in an ongoing downtrend. Looking lower, there is a slope from March 2020 that will quickly come into focus.