HSBC Cuts 2026-27 Gold Price Forecasts on Hawkish Fed Stance
📊 GOOGL — Piyasa Yorumu
▼ down · 60%GOOGL shares closed at $354.52, down 1.22%, trading below both the 20-day ($364.47) and 50-day ($363.97) moving averages. The RSI stands at 36, approaching oversold territory but not yet signaling a recovery. The MACD line remains below the signal line and in negative territory, confirming weak short-term momentum. While HSBC's downward revision of gold price forecasts could reduce overall risk appetite, it is unlikely to directly impact GOOGL. The weakness in technical indicators and the price staying below key averages suggest that the bearish trend may continue in the near term.
📊 HSBC — Piyasa Yorumu
▼ down · 60%The news includes a negative revision regarding the gold market in which HSBC operates within its sector, which could create short-term pressure on the stock. Although the RSI is in neutral territory at 60 among technical indicators, the MACD is below the signal line and approaching negative territory, indicating weakening momentum. Despite the price being above the 20- and 50-day moving averages, the negative perception created by the news and the weakening in technical indicators could trigger a correction. Increased selling pressure in the short term and a pullback toward the 20-day moving average at 97.33 are possible.
📊 GLD — Piyasa Yorumu
▼ down · 65%HSBC's downward revision of its gold price forecast could create selling pressure in the market. Technically, while the RSI at 55.9 remains in neutral territory, the MACD is below the signal line and in negative territory, indicating short-term weakness. Although the price is above the 20- and 50-day moving averages, these levels may be tested due to the news. The short-term trend leans bearish.
📊 GOLD — Piyasa Yorumu
▼ down · 70%HSBC's downward revision of its gold price forecast may exert pressure on gold mining stocks. Technical indicators confirm weakness: the RSI is approaching oversold territory at 30, while the MACD is below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages. A sharp decline of 6.4% in the last 24 hours indicates continued selling pressure. The bearish trend is expected to persist in the short term.