XAU/USD is Struggling Around $1,760 Due to Bad Mood

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XAU/USD stays pressurized even after it had corrected off its in-day low. Also, this is happening for the first time in 4-days, while buyers took a break near the monthly high. The pair’s latest weakness may be attributed to the prevalent cautious mood before the important United States employment data for July. Furthermore, we can […]

Gold Is in an Oversold Region as It Holds Above $1,700

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Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold is in a downtrend as it holds above $1,700. XAUUSD has fallen to the historical price level of August 6, 2021. On August 6, 2021, the bulls bought the dips as Gold resumed its uptrend. The current downtrend […]

XAU/USD Value Corrects off Annual Depth Beyond $1,700

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XAU/USD stays pressured yesterday: Tuesday, as it dips to $1,723.2, which is a new depth this year. The money market stays in a risk-off mood during worries of a worldwide recession, while inflation keeps increasing. Consequently, this has caused the US dollar to keep trending upwards, as more investors seek refuge in it. However, a […]

XAU/USD Trying to Keep Its Value Beyond $1,810, Focus Now on Fed Minutes

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XAU/USD has surpassed the important ceiling level: Resistance of $1,810. Presently the yellow metal is trying to stay above the same level, as the United States dollar index: DXY gets weaker. Traders have resorted to idly waiting, as they anticipate the publication of the minutes June gathering. Therefore, XAU/USD is anticipated to show uncontrolled movement […]

Gold Is in a Sideways Trend as It Holds Above $1,800 Support

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Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishXAUUSD’s price is in a downtrend as price holds above $1,800 support. The downtrend subsided after falling to the low of $1,799 on May 13. Since May 13, the market has been in a sideways move. On May 16 […]

Gold Holds above $1,840 as It Continues Its Sideways Trend

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Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishThe gold price has fallen below the moving averages as it continues its sideways trend. In the previous price action, Gold has been fluctuating between the 21-day line SMA and the 50-day line SMA. Today, it has broken below […]

Gold Continues Sideways Move but Is Unable To Sustain Above $1,870

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Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold is in a sideways move but is unable to sustain above $1,870. XAUUSD  price has continued to fluctuate between the 21-day line SMA and the 50-day line SMA. Since May 24, the bulls have retested the resistance at […]

Gold Is in a Bearish Double Top as It Declines to $1,748

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Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold is in a downtrend as it declines to $1,748. XAUUSD is falling  to the previous low of $1,799. The current fall has reached the oversold region. The market has declined and it is approaching the historical price of […]

Gold Continues Its Downward Move as It Targets the Low of $1,791

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Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold is in a downtrend as price breaks below the moving averages as it targets the low of $1,791. On May 2, XAUUSD declined to the low of $1,854 and made an upward correction. The uptrend has been repelled […]

USD Strengthening Caused by Yields, Causes XAU/USD to Fall

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,XAU/USD renews daily lows near $1,878 price level because the USD grows stronger, and this affected the pair during the early hours of the important week inside which the Federal Reserve monetary policy and the US monthly jobs statements will be given. The promoters that calls for much attention from market partakers are the reduction […]