gold technical analysis
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Gold Futures (GC) Prices Approach Major Support

Test of a major support zone possible Short trade results from a retracement into the Gaussian channel RSI oversold on shorter time frames Daily Chart The daily outlook has been bearish for the past six months, with prices dropping 19.27% from the peak on March 8. The major support zone at $1,715.3 has been tested Read More…

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Gold Futures (GC) Analysis Ahead Of Fed Minutes

Gold consolidating ahead of Fed Minutes Dollar weakness could fuel a short-term rally in the yellow metal It remains to be seen if the key support level at $1780 will hold Today, Wednesday, August 17, the federal reserve will comment on their view of the economy and how they will approach fiscal policy for the Read More…

gold technical analysis
Analysis

Gold (GC) Futures: Poised to Post Fourth Weekly Gains amid Weak USD

Gold prices on the rise due to dollar weakness. The yellow metal might go higher still if the Federal Reserve becomes less hawkish. The Fed’s Daly is open to a more significant rate hike than the expected 50bps. Broader dollar weakness has left the bullion on course for its fourth consecutive weekly gain. US gold Read More…

gold technical analysis
Analysis

Gold (GC) Futures Outlook: Rising US Rates Weighing on Gold Prices

Gold is expected to average $1,745 per ounce in 2023. The real yield on US 10-year bonds turns positive. Fed officials maintain a more hawkish stance. The outlook for gold (GC) futures is slightly bearish as the US dollar pushes higher. As a result of high-interest rates and a strong US currency, gold will average Read More…