Spot Gold is correcting sideways at 1817.0. The precious metal seems to have settled in the range of 1830–1720 dollars per ounce, despite the fundamental shocks affecting the asset. Most experts believe that gold will remain in the specified area all year round for several reasons.
MCX Gold Tips Today – Above 48630 Target Price 49530—49700 SL Paid (Buy on Dips)
Gold Forecast And Current Trend: Gold continues its corrective growth, trading at 1906.0 amid the formation of new factors that act as global support for quotations. The day before, Reuters published statistics on Chinese gold imports, according to which the PRC imported 52.821 tons of precious metal in April only through Hong Kong, which is 219% more than in the previous month.
Gold Price Forecast 02/02/2021 – Downtrend scenario : An uptrend is not expecting today. The downtrend maybe expected to continue, …
Gold Trading Strategy 07-January-2021
Uptrend scenario :
The gold price uptrend may be expected to continue, while market is trading above support level 1914, which will be followed by reaching resistance level 1941 – 1950.