Gold Forecast: Bounces off Support, Capped by $1,800

After bouncing off a three-week low, gold grinds upwards around the intraday top. During slow market conditions, a corrective pullback occurs from key support levels near-term. Wednesday’s inflation data failed to cheer yields despite hawkish Fed Minutes. The gold price forecast remains bearish despite the marginal daily gains as the metal has not yet triggered … The post Gold Forecast: Bounces off Support, Capped by $1,800 appeared first on Forex Crunch.

Gold Forecast: Bounces off Support, Capped by $1,800
After bouncing off a three-week low, gold grinds upwards around the intraday top. During slow market conditions, a corrective pullback occurs from key support levels near-term. Wednesday’s inflation data failed to cheer yields despite hawkish Fed Minutes. The gold price forecast remains bearish despite the marginal daily gains as the metal has not yet triggered … The post Gold Forecast: Bounces off Support, Capped by $1,800 appeared first on Forex Crunch.