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Gold Is in an Uptrend as It Targets the ,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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Gold Recovers but Struggles below ,820 Resistance

Gold Recovers but Struggles below $1,820 Resistance

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 downward move but struggles below $1,820 resistance. On January 26, the Gold price dropped sharply to the low of level $1,785 as bulls bought the dips. Gold price is rising as bulls break above the […]

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Gold Price Declines to an Oversold Region, Unable to Breach ,860 High

Gold Price Declines to an Oversold Region, Unable to Breach $1,860 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 a downtrend but unable to breach $1,860 high. On January 25 uptrend; the bulls could not break the $1,860 overhead resistance as Gold was repelled. Similarly, on November 17, Gold was resisted at the Overhead resistance […]

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