Gold (XAU/USD) has staged a strong recovery from yesterday’s near-$1,700 leg-down and is now faced with the $1,735 resistance. At press time, the yellow metal is trading around the $1,731 level, marking a 0.35% gain early in the European session. The dollar index fell by about 0.5% yesterday, giving gold more steam to recover major […]
Gold (XAU/USD) prices bottomed out at $1,704 in the mid-day session in Europe before bouncing back up above $1,720. This decline was largely fueled by the sideways action of major currency pairs, with low volatility. The US equities market opened sharply lower, however, it quickly rebounded and erased those losses. This rebound in equities prices […]
Gold (XAU/USD) dropped in the early European session on Monday and is currently at a $1,713 price mark. This drop was triggered by last week’s failed attempt to break above the $1,745 resistance which brought about fresh supply for the commodity sending it to multi-day lows. Gold’s drop appeared to be unaffected by the recent […]
Gold (XAU/USD) continues fairly bullish into the end of the trading week on Friday following recent market sentiment development. Although the price witnessed a slight retrace in the early hours of the Asian session today, a full reversal seems unlikely considering the absence of any major catalyst. Meanwhile, China has made progress with its clinical […]
Gold (XAU/USD) has shown stability above the $1,730 pivot level in the early European session as bears scramble to reclaim dominance amid resurgent US dollar demand. The yellow metal capped its 3-days bull run at the $1,740 resistance level in the early Asian session on Thursday while a risk-off market sentiment brews and is reinforcing […]
Gold (XAU/USD) has climbed higher for the third consecutive day and was last recorded trading below the $1,722 resistance. The USD has suffered further losses, especially during the Asian session on Wednesday, and has reached a new 3-months low. This is one of the major factors supporting the rise in the price of gold. This […]
Gold (XAU/USD) is showing strong rebound strength from today’s low of $1,692 and is attempting to scale the $1,710 resistance hurdle while investors are scurrying for safety as the growing Australia and China tensions take center focus. At press time, Spot Gold is trading at $1,708, up 0.6% in the European trading session. Gold has […]
Gold (XAU/USD) has inched higher at the close of the European session on Monday, recovering from a sharp drop after a surprising US employment data. At press time, Spot Gold is trading at $1,699 about 1.7% up from last week’s 3% drop. This drop was the sharpest one-day drop in 9 weeks and it came […]
Gold (XAU/USD) climbed higher in the early European session and is currently trading at the strong $1,700-$1,695 pivot level. The yellow metal has gotten some bullish support from the $1,670 region and is moving back to retest the 50-day moving average resistance. This uptick lacks any fundamental backing and is believed to be mainly as […]
