Spot gold prices have been on the front foot in recent trade, with a boost coming at 13:30GMT in the form of slightly softer than expected US Consumer Price Inflation numbers. Spot gold popped above the $1840 level and Wednesday Asia session highs at $1842, but has so far failed to break above $1850. As things stand, the precious metal trades with gains of close to $8 or 0.5% on the day.
Spot Gold
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Gold Price Analysis: Gold Trades bear 4H Chart 200SMA
Gold Price Analysis : Gold consolidates on recent recovery rally from $1,764 to $1,895. The four-month falling trendline hurdle is still intact.
Enjoy MCX Gold Silver Bloodbath – JO DAR GAYA SAMJHO MAR GAYA
Enjoy MCX Gold Silver Bloodbath – JO DAR GAYA SAMJHO MAR GAYA – The XAU/USD pair fell sharply in the last minutes and touched its lowest level since mid-July near $1,838. As of writing, the pair was trading around $1,840, losing 1.64% on a daily basis.
Gold Price Forecast – Gold Must Hold Critical Support Near $1850
Gold prices are rolling over, and I see the potential for a bearish breakdown as soon as next week.
GOLD TECHNICAL ANALYSIS : Gold Support Zone $1840—$1838, Below Target $1810 ——$1780 – Neal Bhai Reports
GOLD TECHNICAL ANALYSIS : Gold prices are under down trend now-familiar range support in the 1840-$1838 Level. Breaking below this barrier on a daily closing basis looks likely to open the door for target $1810/oz figure to challenge former resistance in the $1780 zone. Alternatively, an upswing past the $1910 inflection region probably targets the swing top @ $1958.