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Gold News

Gold News

Gold (XAUUSD) Fluctuates Above Level 1700.000, Further Selling Likely

Key Resistance Levels: $1,900, $1,950, $2000Key Support Levels: $1,750, $1, 700,$1,650 Gold (XAUUSD) Long-term Trend: BearishGold is presently in a downward move. The market is falling because the bulls are retesting level 1880 to break it. This resulted in a further downward move. On February 4 downtrend; a retraced candle body tested the 38.2% Fibonacci […]

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Gold remains bearish below 1760

Key resistance: 1760 Key Support: 1732 – 1717 Long Term View Gold has been under pressure since it failed to regain the 2000 level with the DXY unable to move lower. Gold is down 12.50% this year from its January 5th highs and is now trading below a massive key level (May 2020 highs and […]

6 ds

Gold Price: Upside Bias Softens on XAUUSD Beneath $1800 Level Amid a Pickup in the US Bond Yields

XAUUSD Price Analysis – February 25 Gold (XAUUSD) continues to struggle to stay afloat selling pressure within a confined range below the $1800 level through the mid-European session. The XAUUSD pair altered south in the early trading hours of Thursday and dropped to a low of $1787. A modest pickup in the US Treasury bond […]

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Gold Bearish Move Continues

Long Term View On Gold Gold has broken with the previous lows at 1785 and is now retesting and rejecting them. Here is the short opportunity for a daytrade. Daily view on Gold The upside in Gold is capped by today´s Point Of Control (POC) and VWAP (Volume Weighted Average Price). These 2 instruments confluence […]

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Gold is retesting the lows of the long-term structure

Key support: 1785 – 1780 Key resistance: 1795-1814 Gold long-term bullish Since the pandemic hit Gold has rallied 42.88% from low to high of the move and has retraced -15.40% from the highs to a massive key level. Buys are still in play as Central Banks keep their asset purchasing programs at all time highs […]

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Dollar Returns on Rising U.S Yields, Gold Falls As German Zew Boosts Euro

The dollar is hitting back today, fueled by rising US yields. Besides, the dollar also maintains stronger than expected manufacturing figures. While European stocks are in the thick, US futures opened higher. The yen is now the worst, followed by the Australian and Canadian. Overall, it remains to be seen if the dollar will be […]

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Gold Price Analysis — February 10

Gold (XAU/USD) climbed higher in the early European session on Wednesday, as a weaker US dollar (DXY) and the expectation of additional US fiscal stimulus boosted demand for the yellow metal. President Joe Biden’s proposed $1.9 trillion stimulus package continued to make significant progress, as Biden agreed on Tuesday to work with a proposal from […]

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Gold reversal in play

After rallying 3.5% Gold has hit a key level and has printed a lower high. We are still trading inside a long term bearish structure. The 1845 level rejection would bring bearish pressure at the breakout of the reversal pattern Broker Benefits Min Deposit Score Visit Broker 20% welcome bonus of upto $10,000 Minimum deposit […]

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Gold Price Analysis — February 8

Gold (XAU/USD) traded on a sideways momentum through the early European session on Monday between the $1819 resistance and the $1808 support. The yellow metal appears to have attracted some dip-buyers over the past few hours and might build on Friday’s bullish recovery from its recent decline to a two-month low. However, the uptick lacked […]

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Gold Price Analysis — February 3

Gold (XAU/USD) struggled to sustain its goodish uptick from yesterday and has renewed its daily low of around $1832 in the early European session on Wednesday. The prevalent risk-on market mood was mostly responsible for the scarcity of demand around gold, which capped any additional gains for it. Also, the pickup in the US Treasury […]

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Author : Michael Fasogbon

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Michael Fasogbon is a professional Forex trader and cryptocurrency technical analyst with over five years of trading experience. Years back, he became passionate about blockchain technology and cryptocurrency through his sister and has since been following the market wave.