Today was a slow day across markets as the US markets remain closed to observe the Labor Day holiday. Regardless, there appear to be some technical set-ups emerging around gold (XAU/USD). The yellow metal remained within a narrow trading range throughout the day and was last spotted trading around $1928. Gold has traded in a […]
Gold (XAU/USD) renewed its daily lows around the $1924 level in the early European session on Monday. However, there hasn’t been any significant follow-through selling. The yellow metal could not take advantage of the recent uptick in the early Asian session today, instead found fresh supply around the $1941 level. This was most likely due […]
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Gold (XAU/USD) has renewed its weekly lows in the early European session on Thursday, although it lacked any significant follow-through sell-off and has recovered a bit from its fall. The yellow metal began its retracement from the $1992 level (its 2-week high) and has continued on a depressing sentiment for the second consecutive session now. […]
Gold (XAU/USD) traded through yesterday’s North American session with a mild negative bias and was last spotted trading around the $1970 level. The mild negative bias from yesterday continued into the European session on Wednesday after extending its overnight correction slide from its two-week highs. The bearishness was induced by a combination of factors. A […]
Gold (XAU/USD) has climbed higher on Monday despite the insufficient volatility in the market as a result of the U.K. bank holiday. Some bearish comments came from the Fed today after Bostic said that economic recovery is happening but at a slow pace. Also, Fed’s Clarida shed more light on the Fed’s stance noting that […]
Gold (XAU/USD) etched lower through the early European session on Monday and has recorded a new daily low at $1954. The yellow metal couldn’t hold on to its bullish momentum from Friday, which shot it to its previous high around the $1977 supply region. However, the upbeat risk appetite in the equities market was the […]
Gold (XAU/USD) remained in a depressed mood through the early European session and was last spotted trading around the $1939 support. The yellow metal failed to facilitate a strong-follow through momentum from yesterday’s impressive bounce from the $1900 area, two-week low and was met with fresh supply on Thursday. The supply influx was most likely […]
Gold (XAU/USD) crept lower through the early European session on Wednesday and recorded a fresh weekly low at $1913 in the last few hours. The yellow metal continued on its correction from the $1962 region and has remained depressed for the fourth consecutive session since the US dollar (DXY) picked-up strong demand last week. Yesterday’s […]
