The gold price has remained firm despite the bearish bias from a technical perspective, as illustrated below where the $1,750s were marked out as a target for the closing sessions of the week.
Gold
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Gold Price Forecast: Below $1790 Downside For Gold as Key Support
Gold Price Forecast: Gold price fell for the second straight day on Monday, starting out a fresh week on the wrong footing while extending the previous week’s broad decline. After reattempting the $1800 mark in the first half of the day, gold price came under fresh selling pressure and fell back to test the key $1,790 support zone.
Silver Prices Today Rise For Second Day Amid Omicron Fears, Gold Rates jump
Gold Silver prices forecast: Gold prices rose today as Omicron risks buoyed the safe-haven appeal of the precious metal. On MCX, gold futures were up 0.65% to ₹48,257 per 10 gram , extending gains to the second day, while silver rates jumped 0.85% to ₹63,497 per kg.
Gold Rates Today Jump as Covid Concerns Up Demand for Yellow Metal
Gold Prices Today: Gold rates surged today in Indian markets, tracking a global rally in the precious metal as concerns over a new Covid variant spreading in South Africa boosted the metal’s safe-haven appeal.
Gold Price Forecast: Gold Slip continues below $1795 – Neal Bhai
Gold Price Forecast: Spot gold (Yellow Metal) prices broke below a key area of support in recent trade, tumbling beneath both the 200 and 50-day moving averages, both of which sit close to $1795. As of right now, prices have recovered a little and gold price trading around $1785, meaning prices are down only, about 0.8% on the day. This follows Monday’s steep 2.2% down and means dollar-denominated gold has lost nearly $60 in value so far this week.