Gold extended its record-breaking run on Thursday, driven by expectations of more monetary response as surging virus cases continue to pummel the U.S. economy.
gold technical trading levels
GOLD EXTENDS BULL TREND TO 1900
Overbought markets can be complicated things: While the backdrop is less assuring for continuation, there’s usually a reason for why the market became overbought in the first place. And, those reasons can certainly continue… and continue and continue, just as we’ve seen in Gold.
Gold MCX Full Target Done – Silver SL Hit – Neal Bhai Reports
Gold MCX Full Target Done 50850 To 51184 – Silver MCX SL Hit – Neal Bhai Reports
Gold price maintained its daily gains after the U.S. new home sales beat expectations in June, rising 13.8% versus the expected 4% increase. May numbers were also upwardly revised to 19.4% advance.
Gold Spot Above $1871 Level Target $1900—$1910 – Neal Bhai
Gold Spot Above $1871 Level Target $1900—$1910 – Neal Bhai
Spot gold was down 0.2% at $1,867.36 per ounce by 0333 GMT, after hitting its highest since September 2011 at $1,876.16 in early Asian trade.
Gold Settles at a Nearly 9-year high and Silver Scores Highest Finish since 2014 on Fiscal Stimulus Moves
Gold futures climbed Tuesday to settle at a nearly nine-year high and silver rallied to prices not seen since 2014, with the precious metals lifted by an agreement on a fiscal rescue plan by European leaders and expectations for additional spending by the U.S. government.
Doomsday Hedge Fund Sees Gold Topping $3,000 an Ounce
Gold could rise to $3,000 to $5,000 an ounce in the next three to five years, up from the current price of $1,800.
Spot Gold Sell Between $1772—$1775 Target and SL Paid – Neal Bhai Reports
Spot Gold Sell Between $1772—$1775 Target and SL Paid – Neal Bhai Reports
Gold Price Outlook: Gold Downward Target at $1722—1669— Target Open
The yellow metal had made a majestic step above the key hurdle at 1,745. Earlier in the week gold made a run towards 1,754 but stalled at 1,745 This might have discouraged the bulls on Friday.
