Gold Price Forecast today and for next few days: Gold Makes Minor Recovery
Gold Price Forecast: Gold Price Today, 21st September 2021
International COMEX Gold is trading 0.2% lower at $ 1763.50 on Tuesday, 21st of September 2021.
Gold Price Forecast: Technicals for 21st September 2021
|DailyFX||$ 1758 (S3)||$ 1764 (R1)|
|FXStreet||$ 1724 (S3)||$ 1773 (R1)|
|Investing.com||$ 1756 (S3)||$ 1766 (R1)|
Gold Price Forecast today and for next few days: What triggered the Gold Crash?
Gold saw a steep rise few days ago as the Dollar weakened, however, in the last few days, Gold was suffering continuous losses but on Thursday it crashed, and currently, it is trading below $1770.
The main reason for the Gold price crash can be attributed to the strengthening of the dollar price. Add to it the latest US retail sales data which was higher than the last month lead to the price of Gold price crash.
Currently Gold has created new support for itself that is just above $1750. Investors are still hesitant regarding gold price as they wait for clarity from the U.S. Federal Reserve next week on its plans for tapering bond purchases that provided liquidity to markets during the worst of the pandemic back in the spring of 2020.
The US Dollar is trading 0.15% higher at 93.34 on Monday.
US 10-yr bond yield is trading at 1.357% on Monday.
Gold Price Forecast: Will Gold go up in the next few days?
The technical analysis by analysts is negative for the coming days.
Gold Price Forecast: Latest Gold Price Forecast news
Positive Price News
[15th Sept] XAU/USD attempts to hold above $1,800 as USD recovers
[3rd Sept] XAU/USD to see a final rally towards $1900
Neutral/Negative Price News
Gold Price Forecast: Expert Comments
Gold Price Forecast 2021 and 2022
(June): Gold Price Prediction: Will It Continue to Drop or Go Up to $2,000?
Gold Price Forecast: Expert Voices and other analysis