Gold Price Forecast:
XAU/USD appears fragile near $1,925 key support amid China, inflation woes|
Gold Price (XAU/USD) remains on the back foot at the lowest level in a month, poking an upward-sloping support line from February around $1,925 amid the early hours of Wednesday's Asian session. In doing so, the yellow metal justifies the firmer US Dollar and the market's fresh fears emanating from the banking and real estate sector ahead of the top-tiere inflation clues from China and the United States.
Gold Price drops on firmer US Dollar, risk aversion
Gold Price marked the biggest daily loss in a week the previous day after market sentiment roiled amid downbeat concerns about China, as well as the broad baking and real estate sector. Also, fears emanating from Italy's tax surprise and mostly upbeat United States data allowed the US Dollar to remain firmer and weigh on the XAU/USD price.
Overall, the Gold Price is likely to witness further downside but there prevails a limited room towards the south.
XAUUSD
XAU/USD appears fragile near $1,925 key support amid China, inflation woes|
Gold Price (XAU/USD) remains on the back foot at the lowest level in a month, poking an upward-sloping support line from February around $1,925 amid the early hours of Wednesday's Asian session. In doing so, the yellow metal justifies the firmer US Dollar and the market's fresh fears emanating from the banking and real estate sector ahead of the top-tiere inflation clues from China and the United States.
Gold Price drops on firmer US Dollar, risk aversion
Gold Price marked the biggest daily loss in a week the previous day after market sentiment roiled amid downbeat concerns about China, as well as the broad baking and real estate sector. Also, fears emanating from Italy's tax surprise and mostly upbeat United States data allowed the US Dollar to remain firmer and weigh on the XAU/USD price.
Overall, the Gold Price is likely to witness further downside but there prevails a limited room towards the south.
XAUUSD 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.