The gold price finished in the red for the fourth straight week. Since factors supporting the dollar remain unchanged, gold will likely remain in the red. Technically, gold is poised to break $1,800. The weekly gold forecast remains bearish as the Fed’s aggressive rate hikes and risk aversion strongly weigh on the gold price. After … Continued
The post Gold Weekly Forecast: Firm Dollar Pushing Gold Below $1,800 appeared first on Forex Crunch.
- USD/CAD Price Stuck in a Range as Oil Consolidates, USD Corrects - May 23, 2022
- EUR/USD Price Needs Momentum to Clear Key Hurdle at1.0600 - May 23, 2022
- AUD/USD Weekly Forecast: RBA’s Bigger Rate Hike Expected in June - May 21, 2022