Spot Gold Archives

Gold Price Analysis: Impact of US Dollar Surge and Debt Ceiling Updates on Gold Market

Published on: May 19, 2023 by Neil Bhai

Gold Price Analysis: Gold prices (सोने की कीमतों) are experiencing losses, reaching a six-week low near $1,950 on Friday morning. This decline is attributed to a temporary pause in the upsurge of the United States Dollar (USD), as the market …

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Gold Update: Below 56900 Sell on Rise Target 56380—56220——55880

Published on: February 15, 2023 by Neil Bhai

Gold Update, Gold Forecast, MCX Gold Tips Today, MCX Gold Forecast Today: “The next downside target is the falling trendline support at $1,827 should the previous day’s low give way. Further declines could challenge bullish commitments at the horizontal trendline support from the December 30, 2022 low at $1,812.”

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Gold Price Zoom on Russia jitters, Silver High 62950; Buy Yellow Metal on Dips

Published on: November 16, 2022 by Neil Bhai

Gold price is outperforming silver today as risk on sentiment has increased after Poland was hit by a missile. Right after the news, gold witnessed a temporary price spike and was within touching distance of $1800. However prices have retraced back as findings are ongoing whether the missile is from Russia or Ukraine.

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MCX Gold Silver Prices Slip, Analysts Say ‘Sell on Rise’

Last Updated on: October 12, 2022 by Neil Bhai

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.

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Gold Price Forecast: Will Gold chart a bull penant on weak US NFP?

Last Updated on: October 11, 2022 by Neil Bhai

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.

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Spot Gold Weekly Forecast: Keep Eyes on $1,700 as next target

Last Updated on: October 11, 2022 by Neil Bhai

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.

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Gold Weekly Forecast (September 26 – 30, 2022)

Last Updated on: October 12, 2022 by Neil Bhai

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.

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