Gold Fundamentals & News Gold prices are down by -1.84% in 24 hours and have reached $2017. The yellow metal extended its loss on Friday and dropped to its 2-day lowest level amid the rising strength of the US dollar. The US dollar Index, which measures the value of the greenback against the basket of …
Gold Came Under Pressure After Positive US Employment Data Read More »
Gold Technical Analysis The H4 chart of Gold shows that there are more buyers in the market than sellers. The prices have been moving in a descending triangle pattern for the past two weeks. Now, it has broken above the psychological $2000 mark. It is the same level where the 100-period Simple Moving Average is …
Gold Breaks Above the Descending Triangle Pattern and $2000 Read More »
XAU/USD is trading at 1,986.71, down by 0.14% in a day. The price of gold was rising in the previous session due to the high demand for safe-haven. However, XAU/USD declined dramatically as the dollar gained momentum after shocking US economic data that showed the economy grew 1.1% in the first quarter. Key Takeaways: US …
XAU/USD fell amid the unexpected outcomes of US economic data Read More »
Gold prices marginally declined after recovering to key levels in the previous session as traders anticipated further economic unrest due to an industrial slowdown and rising oil prices. Key Takeaways: Gold Faced Pressure on Rising Hawkish Fed Expectations After OPEC+ Output Cut OPEC+ unexpectedly reduced output on Sunday by 1.1 million barrels per day to …
Gold Prices Down on Hawkish Bets Amid OPEC+ Output Cut Read More »
Gold Technical Analysis The H4 Technical analysis of Gold suggests that the prices are currently hovering around the 23.6% Fibonacci retracement at $1962. There is a recent pullback from the 38.2% Fibonacci Retracement Level at $1932 (calculated from the low of $1808 on 28 February to a high of $2009 on 20 March). There is …
Gold is moving in consolidation- Economic Data on Focus Read More »
XAU/USD is trading around 1,947. After the strong price movements of the previous day, the gold price regained some upward momentum and kept its bid tone on Friday. The rising issues in the banking sector and chances for a dovish Federal Reserve were primary drivers. In the last eight trading sessions, gold has posted gains …
Gold reaches its highest level in 32 Days amid Global Banking Crisis Read More »
XAU/USD Technical Analysis Yesterday’s Gravestone Doji Star Candlestick pattern gave signals that the price might reverse in the coming sessions. It means the Gold prices will rebound today and are poised to remain on a positive note for the next few days. The 1803 level is acting as critical support right now. It is the …
Gold is poised for reversal after Daily Doji Star Candlestick Read More »
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