- Gold price fell as much as 1.2% before paring most losses amidbroad ‘risk-off’ sentiment
- A stronger USD appears to be weighing on precious metal prices while Treasury yields are steady
- 85% of retail gold traders (within IG)are net long, whereas 15% are net short
Technical Outlook
Gold Spot Below $1852, Door Open $1780 — $1740 – Neal Bhai Reports
Gold Spot Below $1852, Door Open $1780 — $1740. Gold and silver prices suffered steep losses on Friday, tracking a sharp decline in global rates. On MCX, February gold futures slumped 4% or ₹2050 to ₹48,818 per 10 gram while silver futures tanked ₹6,100 or 8.8% to ₹63,850 per kg. In global markets spot gold dropped nearly 4% to $1,833.83 per ounce as a jump in US Treasury yields hammered bullion’s safe-haven appeal.
Gold Price Forecast 2021 : Gold 1Q Outlook Bullish Headed, Target $1965
![MCX Gold Target 98,500 Very Very Soon, Buy on Dips [21 April 2025]](https://goldsilverreports.com/wp-content/uploads/2020/03/gold-052904-gsr.jpg)
What started with a bang is now ending with a whimper. After a meteoric rise in gold prices through the first three quarters of 2020 (gaining +24.3% from January 1 through September 30),gold prices cooled off in 4Q’20, having lost around -1% at the time this forecast was written in December 2020.
Gold Price Analysis: Gold Trades bear 4H Chart 200SMA
Gold Price Analysis : Gold consolidates on recent recovery rally from $1,764 to $1,895. The four-month falling trendline hurdle is still intact.
GOLD TECHNICAL ANALYSIS : Gold Support Zone $1840—$1838, Below Target $1810 ——$1780 – Neal Bhai Reports
GOLD TECHNICAL ANALYSIS : Gold prices are under down trend now-familiar range support in the 1840-$1838 Level. Breaking below this barrier on a daily closing basis looks likely to open the door for target $1810/oz figure to challenge former resistance in the $1780 zone. Alternatively, an upswing past the $1910 inflection region probably targets the swing top @ $1958.