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Gold Price Forecast: XAU/USD set the stage for additional losses below $1,750

Gold Price Forecast: XAU/USD set the stage for additional losses below $1,750
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Gold Price Analysis: Acceptance above $1810 to clear the way towards $1832/34 supply zone

Gold Price Analysis: Acceptance above $1810 to clear the way towards $1832/34 supply zone
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Gold Price Forecast: XAU/USD to rise towards next major hurdle near the $$1,866 area


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Gold Price Forecast: XAU/USD to rise towards next major hurdle near the $$1,866 areaNEWS |
7/16/2021 6:26:14 AM GMT
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By FXStreet Insights Team
Gold seesawed between tepid gains/minor losses on Thursday and finally settled with modest gains for the third straight session. According to FXStreet’s Haresh Menghani, near-term bias remains tilted in favour of XAU/USD bulls.
The $1,820 region seems to protect the immediate downside
“Market participants now look forward to the release of the US monthly Retail Sales figures, due later during the early North American session. Apart from this, the US bond yields will influence the USD price dynamics and provide some impetus to the XAU/USD.” ....

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Gold Price Analysis: Inflationary concerns to alleviate XAU/USD downside pressure


5/11/2021 6:34:41 AM GMT
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By FXStreet Insights Team
Gold added to last week s strong gains and climbed to fresh three-month tops on Monday, albeit struggled to capitalize on the move. The 200-DMA at $1850 might cap XAU/USD ahead of US CPI on Wednesday, FXStreet’s Haresh Menghani briefs.
Technical levels to watch
“The downside, however, remains cushioned amid expectations for an uptick in US inflation – fueled by improving prospects for growth, plans for infrastructure spending and pandemic-related stimulus measures. Given that gold is considered a hedge against inflation, the market focus will remain on this week s US CPI report.”
“The 200-day SMA is currently pegged near the $1,850 region, which should now act as a key pivotal point for short-term traders.” ....

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