Spot Gold Forecast Report: March Durable Goods Orders data and the Conference Board’s Consumer Confidence Index for April will be featured in the US economic docket on Tuesday. Ahead of Thursday’s first-quarter Gross Domestic Product report, however, investors are likely to ignore Tuesday’s data.
GOLD COMEX
Gold Price Analysis: Below 1908 Gold Target $1890——$1840 Very Very Soon
Gold Price Analysis: Gold price (Yellow Metal) is consolidating slightly beneath its latest high of 1,952 after renewed positive traction from its recent 1,890 trough. The soaring simple moving averages (SMAs) are safeguarding the one-month bullish picture in the precious metal.
Gold Forecast For Next Week 21 To 25 February 2022
Gold Forecast For Next Week: Geopolitics is likely to remain the primary market driver next week. A de-escalation of tensions could trigger arisk rally andcause gold (Yellow Metal) to come under heavy selling pressure. On the other hand, a prolonged threat of a Russian invasion could provide another boost to gold by forcing investors to stay away from risk-sensitive assets.
Gold Level: Elliott Wave Analysis
Gold is higher, making nice extensions from the 1782 level; which can be even an impulse, but for now we will stick with wave “c” of C that can be looking for more upside today to complete a red wave degree cycle.
Gold 1h Elliott Wave analysis
Gold Prices Contemplates Next Move Ahead of ECB, BOE Decisions
Gold prices enjoyed good two-way businesses on the much-awaited hawkish Fed decision, with the bulls finally fighting back control from two-month lows of $1,752.70. The Fed doubled the pace of tapering to $30 billion per month while the dot plot showed three rate hikes for 2022.
Spot Gold Forecast: Above $1730 Target $1770——$1792 | Neal Bhai
Spot Gold Forecast: Biden scaled back on his infrastructure bill. However, with all the remaining cards still in play, his economic agenda should be positive for gold.
Gold bears look to $1,758, ECB PEPP verdict in focus
Gold justifies the technical breakdown amid sour sentiment during early Thursday. That said, the yellow metal holds lower ground near $1,790, the lowest in two weeks by the press time. Fed tapering woes, virus-led economic fears and stimulus chatters keep bears hopeful.
Gold Retreats From Near Seven-Week High as Dollar Rebounds
Gold edged back from near a seven-week high as the dollar rebounded from the low that followed Friday’s poor U.S. jobs report, which diminished concerns the Federal Reserve would taper bond buying soon.
Gold (Yellow Metal) Eyes Crucial Resistance Key at $1,852
Gold (Yellow Metal) Eyes Crucial Resistance: “The negative impact of the disappointing US labour market data is still being felt in the markets on Monday with the US Dollar Index slumping to its lowest level since late February near 90.00. Moreover, the benchmark 10-year US T-bond yield stays in the negative territory at 1.579% at the time of press, helping gold continue to find demand.”
Gold Price Forecast: Big Break Awaits as Gold Goes Range
Gold Price Forecast: Q1 is not winding down in the way that many Gold bulls had imagined, myself included. For the past two weeks Gold prices have been stuck in a fairly consistent albeit relatively small trading range, spanning about 2% of Gold spot price as a couple of Fibonacci levels have helped to define this mean reversion.