Gold prices gained on Thursday following the trend in global markets amid lingering tensions between the US and China and riots in the States. The number of coronavirus patients also climbed swiftly in India.
Gold Weekly Price Outlook
Spot Gold $1742 To $1689 Full Target Done, Profit 53 Pips Enjoy 🤩
Spot Gold $1742 To $1689 Full Target Done, Profit 53 Pips Enjoy 🤩, Gold is 1.1% lower this morning following better-than-expected U.S. economic data releases. Financial markets remain in risk-on mode.
Gold Technical Price Outlook: Above $1785 level, Confirm the Bullish Trend
Gold Technical Price Outlook : $1785 remains a critical level, the gold chart is still a very bullish one but it could be a good confirmation signal if $1785 per troy ounce was broken.”
Gold Technical Price Outlook – Below $1767 Target $1720——$1697, Sell on Rise – Neal Bhai
Gold Technical Price Outlook – Below $1767 Target $1720——$1697, Sell on Rise – Neal Bhai
Gold RSI Suggests More Room for Additional Upside
Gold RSI Suggests More Room for Additional Upside – While the actual bullish break materialized after a classic symmetrical triangle pattern was confirmed on the daily chart last Thursday. The bulls rallied hard to clock a fresh seven-year high at 1751.80 before retracing slightly into the weekly closing on Friday.
Gold Technical Price Outlook : Down
Gold Technical Price Outlook : The recent pullback in gold may gather pace in May as the Reserve Bank of Australia (RBA) and Bank of England (BoE) are expected to keep interest rates at a record low, and the wait-and-see approach for monetary policy may dampen the appeal of bullion as governments across the advance economies unveil plans to roll back lockdown laws.
Gold Technical Analysis – Gold Prices Rally Ready to Break Out?
Gold Technical Analysis – Gold prices surged higher rising 0.8% and closing at a seven-year high. The next level of target resistance is the April high at $1,747. After that level, gold could rally to $1,927 level. A break of this 2011 level would lift gold into blue sky territory.