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Gold Is in a Sideways Move but Stuck Below ,950 High

Gold Is in a Sideways Move but Stuck Below $1,950 High

Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold (XAUUSD) is in a downtrend as it fell above $1,900 support but stuck below $1,950 high. Gold is fluctuating between $1,900 and $1,952 price levels. In other words, the Gold price is trading above the 50-day line SMA but […]

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Gold Consolidates Above ,907 as It Regains Bullish Momentum

Gold Consolidates Above $1,907 as It Regains Bullish Momentum

Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold (XAUUSD) has been consolidating above $1,907 as it regains bullish momentum. XAUUSD is trading above the 50-day line moving average but below the 21-day line moving average. The market will trend when the moving average lines are breached. For […]

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Gold Is in an Uptrend as It Targets the $2,141 High

Gold Is in an Uptrend as It Targets the $2,141 High

Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BullishGold (XAUUSD) is in an uptrend as it targets the $2,141 high. The uptrend reached the high of $2,070 as it faced rejection. XAUUSD has retraced to level $1,976 and resumed consolidation above the current support. The market is resuming […]

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XAU/USD Falls Below $1,800, as DXY Corrects Before Fed Minutes

XAU/USD Rubs Lower Than the $1,873 Barrier Due to Inflation and Geopolitical Unrest

The value of Gold (XAU/USD) undulates near three months’ high briefly visited in past days, rounding up at $1,860 during Asian tranquil session today. This metal experienced most movements ever since last year’s October. On Friday after withdraw the likelihood Fed’s 0.50 percent rate increase, supported by lenient USA’s data, combined with a vast spread […]

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