Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700, $1,650 Gold (XAUUSD) Long-term Trend: BearishGold is in an upward correction as it fails to sustain above $1,800 high. The bulls could not keep the price above the $1,800 resistance zone. The bears have broken below the 50-day line SMA. Gold is now trading […]
XAU/USD revisits its in-day low of $1,795 while a stronger USD burdens major assets during the Tokyo session. Additionally, poor sentiment from China combined with the Forex market’s cautious mood before the FOMC gathering. This gathering further pushed the USD recently. The USD is recovering near 105.75 as the risk-aversion current supports the haven demand […]
XAU/USD corrects downwards today, the correction occurred when the Gold price was close to $1800. XAU/USD got to its highest during the New York trading period. Subsequently, it reversed downwards and regressed towards $1,785. The released data on Thursday portrayed the PPI: Producer Price Index in the United State declined by 0.5% during last month: […]
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 […]
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 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 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 […]
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 […]
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 […]
