Gold Report

Gold Price Forecast: Below $1744 Target Key Level $1735—$1720

Gold Price Forecast: Yellow Metal (XAU/USD) price drops for the fifth-consecutive day, set to finish the week down by 3%, triggered by sentiment shifting sour, while the US dollar reaches a five-week high against a basket of currencies. At the time of writing, gold is trading at $1746 a troy ounce.

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Gold Price Sell-off Deepens despite Rising Tariff, Trade War Concerns

Gold Price Sell-off Deepens Despite Rising Tariff, Trade War Concerns

Gold Silver Reports (GSR) – Gold Price Sell-off Deepens Despite Rising Tariff, Trade War Concerns – Gold prices posted an outside weekly reversal off resistance off yearly open resistance earlier this month with the subsequent decline now approaching a series of parallels which could offer some near-term support. The region of interest is $1255/60. Keep in mind that weekly momentum has fallen to its lowest levels since January 2017 and further highlights the downside risk for bullion.

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