![MCX Gold Target 98,500 Very Very Soon, Buy on Dips [21 April 2025]](https://goldsilverreports.com/wp-content/uploads/2020/03/gold-052904-gsr.jpg)
Spot Gold Forecast: The US markets will be closed due to the Labor Day holiday on Monday and as such market action is likely to remain subdued. In the early trading hours of the Asian session on Tuesday, the Caixin Services PMI data from China will be watched closely by market participants. A reading below 50 could remind investors of the slowdown in the world’s second-biggest economy and hurt gold. On the other hand, an unexpected improvement in the data could help the market mood improve, providing relief for the precious metal.
Spot Gold
At Gold Silver Reports, we provide real-time updates on Spot Gold (XAUUSD) with live prices, expert analysis, and daily trading insights. Stay ahead with accurate forecasts, support & resistance levels, and global gold market trends to guide your trading strategies.
Gold Holds Decline After Fed Officials Make Hawkish Comments
Gold held a decline as a resurgent dollar and bond yields weighed on the precious metal, with investors assessing an apparent hawkish turn from the Federal Reserve.
Gold Technical Forecast [11-07-2022]
Gold Technical Forecast: Following this week’s price action, the Relative Strength Index (RSI) indicator on the daily chart dropped into the oversold territory below 30. The last time the daily RSI fell below in August 2021, Gold staged a technical correction and a similar action could be expected in the short term.
Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]
![Gold Price Intraday Technical Forecast By Neal Bhai [08-06-2022]](https://goldsilverreports.com/wp-content/uploads/2018/12/gold-silver-shop-neal-bhai-reports.jpg)
Gold Price Intraday Technical Forecast: The Intraday chart for the gold (Yellow Metal) shows that the price managed to bounce from converging 20 and 200 SMAs, at around $1,840 Technical indicators have turned marginally higher but without strength enough to confirm further gains, as the RSI is still below its mid-line.
Will Gold Be Able to Move Upwards?
Gold prices have continued to rise at the start of the week after hovering in the $1945 area as covid cases continue to increase in the Shanghai region despite the lockdown announced by the Chinese government.