Crude Oil Price: The price of oil appears to be trading in a narrow range as it bounces along the 50-Day SMA ($87.54), but crude may attempt to retrace the decline from the monthly high ($93.64) as a bull-flag formation appears to be taking shape.
Spot Gold Weekly and Monthly Forecast [17-Oct-2022]
Spot Gold Weekly Forecast
Up trend report – Spot gold (Yellow Metal) An up trend will start soon, as the bullion market rises above hurdle key $1697, which will be followed by moving up to hurdle key 1752.
Silver Price Forecast: Silver Upside Potential Seems Limited
Silver Price Forecast: Silver finds some support near the $19.00 mark and stages a modest recovery from over a one-week low touched earlier this Wednesday. The uptick allows the white metal to snap a three-day losing streak and stall its recent sharp pullback from the $21.25 area, or the highest level since late June.
Bullion Forecast: Gold Silver May Fall, Before Buy Wait for Deep Correction
Bullion Forecast: Yesterday gold prices came under pressure as after recovering till $1680, it dropped sharply to $1661 on account of a jump in US dollar. The US Dollar jumped as GBP saw sharp drop after Bank of England Governor Andrew Bailey warned fund managers they have until the end of this week to wind up positions as BOE is looking to end its bond buying program.
MCX Gold Silver Prices Slip, Analysts Say ‘Sell on Rise’
MCX Gold Silver Prices Slip: The safe-haven metals are being hit hard by a higher U.S. dollar index and rising U.S. Treasury yields. Traders are looking ahead to key U.S. inflation reports on Thursday. Yesterday the psychological level of $1700 has been breached and is once again testing the levels of $1650-1640.
Silver Price Analysis: Silver to trade at $20.50 by year-end
Silver Price Analysis: Silver (White Metal) is trading slightly above the $20.50 mark. This price is the year-end forecast of strategists at Commerzbank for the precious metal.
Gold Price Forecast: Will Gold chart a bull penant on weak US NFP?
Gold Price Forecast: Gold price is trading on the back foot but holding above the $1,700 mark on the final trading day of the week. Despite a three-day downtrend, the bright metal is on track for the largest weekly gain since March, up 3% so far this week.
Spot Gold Weekly Forecast: Keep Eyes on $1,700 as next target
Spot Gold Weekly Forecast: The turmoil in global bond markets caused by the UK gilt sell-off at the beginning of the week weighed on the low-yielding gold. With the benchmark 10-year US Treasury bond yield rising toward 4% on Monday, gold (XAU/USD) turned south and registered its lowest daily close since March 2020 at $1,622.
Gold Weekly Forecast (September 26 – 30, 2022)
Gold (XAU/USD) Weekly Forecast:
Gold Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level $1670, which will be followed by moving up to resistance key level 1700.