Gold Price Today, Gold Price Outlook, Gold Price Forecast: COMEX gold trades modestly higher near $1770/oz supported by weakness in the US dollar and pause in US bond yields as market players position for Fed Chairman’s comments at the Jackson Hole Symposium. With mixed US economic data showing signs of stress in the economy, market players are assessing if the Fed may take a less hawkish stance.
Gold is also supported by global growth worries, inflation concerns and geopolitical issues. Gold has stalled near $1750/oz level after recent sell-off and edged up however sharp gains are unlikely as Fed is largely likely to maintain a hawkish stance
Gold Price Forecast: China Can Recover From The crisis of Recession: Gold Prices To trade sideways: Powell’s Jackson Hole Event Speech EyedGold prices traded firm on Thursday with COMEX Spot gold prices were trading 0.24% up near $1752 per ounce in the morning trade. MCX Gold October futures opened higher near Rs. 51610 per 10 gram in line with strong COMEX prices. Gold prices recovered with dollar decline and weak US economic data. The traders and investors are awaiting comments from the FED chair from the Jackson Hole symposium over future courses.
We expect gold prices to trade sideways to up for the day with COMEX Spot gold support at $1,727 and resistance at $1,785 per ounce. MCX Gold October support lies at Rs. 51,300 and resistance at Rs. 52,050 per 10 gram.
सारे ट्रेड में आपको लोस ही हो रहा है??
तो ज्वाइन करिए आज ही हमारा ग्रुप फ्री में लगातार प्रॉफिट के लिए जल्दी करिए.
लिंक नीचे दिया गया है
EQUITY MARKET 👇👇👇
https://t.me/banknifty_nifty_NealBhai_Tips
MCX LINK 👇👇👇
https://t.me/Neal_Bhai_MCX_Tips
Technical Power of CFA’s
(CHARTERED FINANCE ANALYST)
“No Magic, No Miracle, Just Power of Level”
Neal Bhai Reports (NBR) By CFA’s Technical Team
Mobile No. 9582247600 & 9899900589
