Gold Price Forecast: Gold witnessed an intraday turnaround from the vicinity of the $1,803 mark and finally settled in the red for the second consecutive session on Friday. Upbeat US economic data was enough to push the US bond yields higher, which turned out to be a key factor that drove flows away from the non-yielding yellow metal.
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Gold Support Key $1760—$1755, Bearish Technicals
Gold support and resistance Key for today: Gold prices pulled back nearly $20 from 7-week highs of $1790 on Wednesday, finishing the day slightly in the red. The rebound in the US Treasury yields triggered the correction in the metal. Bear cross on 1H chart and RSI below 50.00 point to the downside.
Gold price Holds Decline After Fed Minutes as Dollar, Yields in Focus
Gold price holds decline, tracking movements in the dollar and bond yields, with investors weighing the latest insights into the Federal Reserve’s stance on monetary policy and inflation risks.
Gold Price Analysis: You Remember Told You Buy Gold Silver, What Next?
Gold Price Analysis: According to strategists at goldsilverreports.com, gold price needs to hold below the $1766 level neighborhood to maintain its immediate downside bias.
Gold Price Forecast & Analysis: $1750 to Cap The Upsider
![MCX Gold to Trade Sideways: Support at Rs 50300 [29-Aug-2022]](https://goldsilverreports.com/wp-content/uploads/2021/03/jewellers-shop-14032021.webp "Gold Price Forecast & Analysis: $1750 to Cap The Upsider 5")
Gold Price Forecast & Analysis: Gold is edging higher in Tuesday’s trading so far, benefiting from falling Treasury yields and tepid risk tone. Markets appear to have turned risk-averse, re-assessing their bets on faster US economic recovery amid a potential hike in tax rates while covid restrictions in Europe also dampen the mood.