Gold Price Forecast today and for next few days: Gold Makes Minor Recovery

Gold Price Forecast today and for next few days: Gold Makes Minor Recovery
Gold Price Forecast
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According to analysts, Gold Price Forecast (COMEX) for Tuesday, 21st September 2021 is in a trading range of $ 1746 and $ 1768.

Latest Gold Price Forecast news. 3 analysts

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.

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Gold Price Forecast: Technicals for 21st September 2021

 SupportResistance
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

[14th Sept] Prices Continue to Consolidate Ahead of Busy Data Week

[8th Sept] XAU/USD re-attempts $1800 as US dollar eases with yields

[6th Sept] XAU/USD recoils from monthly highs as USD rebounds

[3rd Sept] XAU/USD to see a final rally towards $1900

Neutral/Negative Price News

[3rd Sept] Gold Bulls at Risk into NFP- XAU Breakout Levels

[25th Aug] XAU/USD sellers keep reins below $1,800, US Durable Goods Orders eyed

[25th Aug] Gold falls as dollar gains some ground while Fed symposium is in focus

[20th Aug] Bullish flag pattern in the making for XAU/USD

[20th Aug] Yellow metal trade flat; support seen at 46,950

Investing.com Gold Community

Kitco Gold Discussion Group

Gold Price Forecast: Expert Comments

Rick Rule: Why the legendary investor believes the gold bull run ‘is really, truly just getting started’

Gold among the worst 2021 investments: Allstarcharts.com founder

Gold price remains low due to robust US economic improvement

Gold Price Forecast 2021 and 2022

(Aug) Gold analysis: will the metal hit $2,000 by the end of 2021?

(July): Gold mid-year outlook 2021, Gold set for modest rally before easing in 2022, BMO lowering gold price forecast in 2022/23 as interest rate hikes come into view

(June): Commerzbank is still bullish long term on gold

(June): How will the dollar perform in H2?

(June): Gold Price Prediction: Will It Continue to Drop or Go Up to $2,000?

(June): Gold prices to average $1,820 in 2021 – Metals Focus

(April) Growing Number of Analysts See Gold Prices Rising 11.5% in 2021

Gold Price Forecast: Expert Voices and other analysis

Gold price dives to 4-month low on concerns of early Fed tapering

The gold price dropped but these experts reckon the long-term outlook is still strong

Ray Dalio opts for gold versus bitcoin

XAU/USD to gain bullish traction on a break above $1834 – Commerzbank

Goldman Sachs latest forecast

World Bank forecast

World Gold Council, historic Gold data

David Lenox

Gold Price Forecast today and for next few days

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