Gold price declined initially towards the $1400 support zone before firing up by an impressive 48$ until this morning as the bulls stepped in hard.
Gold price edged higher during Friday’s session but still trading in a tight range below the $1422.59 resistance level.
Gold price is currently unchanged as it is just below $1401.62, and the momentum is still weak and bearish as the RSI points out.
Ahead of NFP report, Gold price is currently trading above the $1410.78 support level with a descending momentum.
Gold built on its steady intraday climb and is currently placed at the top end of its daily trading range, just above the $133i level.
In this gold price forecast, the momentum around XAUUSD is picking up again and the rout to the $1300 level seems to be more probable.
Gold price is currently trading just above the $1283 level, but will the bullish momentum continue? Gain insight into the following gold price forecast
In this gold price forecast, XAUUSD is currently trading just above the $1284 level with a relatively bullish momentum as the RSI points out.
With the global traders cheering upbeat comments from the Fed’s Powell, Gold prices trade near $1,274 ahead of the European session on Thursday.