Spot Gold Forecast for Today: Yesterday, following the correction, the gold (Yellow Metal) price reached Intermediary Zone $1,774 – $1,772. The zone was not broken out, and the US session closed the price above. Today, the primary scenario suggests entering purchases according to the pattern with a target at $1,792. The gold 2nd upside target price will be the upper Target Zone $1,803 – $1,799.
Spot Gold Forecast: Gold Current Trend – Gold price are consolidating near $1903 in the morning session after a moderate increase the day before, which was supported by the weakness of USD. The US currency remains under significant pressure after last Friday’s US labor market report for May reflected slower-than-expected growth in Nonfarm Payrolls.