Gold Price Forecast and Technical Analysis Today

The gold markets fell a bit on Tuesday to pierce the support region that I have marked on the chart.

The price of gold remained in a state of stability, heading to the upside, despite more hawkish hints by US Central Bank Governor Jerome Powell towards the future of raising US interest rates during 2022.

Gold markets rallied a bit on Monday but gave up some of the gains as we continue to see a lot of noisy behavior just above the $1920 level.

By the end of last week's trading, gold futures contracts declined, leading to a noticeable weekly loss for the precious metal.

The gold markets have rallied rather significantly during the trading session on Thursday as we gapped higher and then went looking to reach the $1950 level.

For five trading sessions in a row, gold prices are falling amid profit-taking sales.

Gold markets plunged quite drastically again on Tuesday to break through the $1920 level before finding buyers again.

Gold continued to decline after bond yields rose ahead of the key Federal Reserve meeting where policy makers are set to raise US interest rates.

Gold markets fell again on Monday to reach towards the $1950 level in the futures market.

Gold prices fell below the historic psychological high of $2000, ending the tumultuous trading week.

Gold markets initially fell a bit during the trading session on Thursday but look as if they are trying to stabilize.

We have often noted that buying gold after breaking record highs will be a risk.

Gold prices rose sharply on Tuesday as the price of gold jumped towards the resistance level of $ 2070 an ounce, near the top of the fears of the COVID-19 pandemic.

The gold market got a bullish price gap that pushed it towards the psychological resistance level of 2002 dollars an ounce.

Gold markets gapped higher to kick off the trading week on Monday and then broke above the $2000 level.