Gold Price Forecast: Gold price fell for the second straight day on Monday, starting out a fresh week on the wrong footing while extending the previous week’s broad decline. After reattempting the $1800 mark in the first half of the day, gold price came under fresh selling pressure and fell back to test the key $1,790 support zone.
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 Price Forecast: Gold Slip continues below $1795 – Neal Bhai
Gold Price Forecast: Spot gold (Yellow Metal) prices broke below a key area of support in recent trade, tumbling beneath both the 200 and 50-day moving averages, both of which sit close to $1795. As of right now, prices have recovered a little and gold price trading around $1785, meaning prices are down only, about 0.8% on the day. This follows Monday’s steep 2.2% down and means dollar-denominated gold has lost nearly $60 in value so far this week.
Gold Price Today Down After Rising To Nine-Month Highs – Neal Bhai
Gold price retreated in Indian markets today from nearly nine-month highs amid soft global cues. On MCX gold edged 0.08% lower at ₹49,000 per 10 gram while silver rose 0.18% to ₹66,356 per kg. In the previous session, gold had hit a nine-month high of ₹49,600 per 10 gram but could not sustain at higher levels.
Spot Gold Prices Expected Tests Trendline
Spot Gold: The bulls are pushing towards $1,884 a major resistance where last June’s sell-off started. Strong selling pressure is possible in that supply zone as short-term buyers may take profit and reassess the directional bias.
Gold Forecast: Above $1925 Target Price $2000 – $2030 – Gold Silver Reports
Spot Gold has refreshed five-month highs at $1,870 after breaking key resistance at $1,834. Strategists expect gold to stage a significant leg higher on a break above the June peak at $1,925.