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Gold Price Analysis — September 17

Gold (XAU/USD) etched lower through the early European session on Thursday and was last spotted trading under the $1947 resistance. Traders appeared to be disappointed with yesterday’s Federal Reserve policy statement, which showed that the bank remained committed to keeping interest rates lower for longer to help bolster inflation. With the absence of any quantitative […]

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Gold to Continue Upwards as Analysts Expect a Dovish Fed Outlook

Gold (XAU/USD) climbed higher through the early European session on Wednesday and was last spotted trading within the $1960 pivot zone. The yellow metal appears to be regaining its bullish momentum as it etched closer to its two-week high yesterday. The growing weakness surrounding the US dollar (DXY) was seen as the major factor bolstering […]

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Gold Traders Brace for Comments and Outlook By Fed this Week

Gold (XAU/USD) is trading on positive sentiment as we head into the Federal Reserve’s meeting scheduled to begin tomorrow. The uptick appears to be preparing the commodity for a breakout above its recent consolidation range. A dovish stance by FOMC officials in the two-day meeting will likely re-establish a bullish sentiment for the yellow metal. […]

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Gold Price Analysis — September 14

Gold (XAU/USD) climbed higher on Monday and was last spotted trading within its recent consolidation range, below the $1950 resistance. The lasting bearish tone surrounding the US dollar (DXY), sponsored by the uncertainty of a US fiscal stimulus measure, is one of the major factors underpinning demand for the dollar-denominated commodity. The chances of a […]

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Gold Remains in a Narrow Channel Despite Favorable Factors

Gold (XAU/USD) continued on a directionless bias around the $1951 resistance in the early European session. The yellow metal ran out of steam around the $1951 level after a strong $30 overnight gain. The bounce was mainly as a result of some renewed selling around the US dollar (DXY), which usually bolsters demand for the […]

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Gold Bulls in Trouble as Bearish Breakout Pattern Emerges

Gold (XAU/USD) traded without any strong directional bias and remained in a tight range near $1930 in the early European session on Wednesday. Yesterday’s decline was met with strong support at the $1906 line (the 50 SMA on the daily chart), where it was able to facilitate a modest bounce. The bounce was likely as […]

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Gold to Reach $1900 Again as It Remains in Limbo

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 […]

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Gold Price Analysis — September 7

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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