XAG / USD has reversed its direction after falling to a monthly low on Thursday. A daily close above the 100-day SMA could open the door for additional gains. The $ 23 level is the critical technical support for silver. After suffering heavy losses on Wednesday, XAG / USD extended its decline on Thursday and […]
Tag: Metals
XAU / USD hits new monthly lows near $ 1,870 and remains vulnerable
Risk aversion boosts the US dollar and hits gold which falls below the 20-day moving average. Wall Street falls amid concerns about a resurgence in coronavirus cases. The gold it is falling sharply and is down nearly two percent, even after cutting losses. XAU / USD fell to $ 1,868 / oz reaching the lowest […]
Gold falls sharply to four-week lows below $ 1,880
XAU / USD cannot escape the strength of the dollar. Gold loses nearly 2% on Wednesday, the worst day in weeks. Gold is falling sharply on Wednesday accompanying the sharp decline in stocks throughout the world. XAU / USD is trading down about 2%, at the lowest level since late September. The quote began the […]
XAG / USD remains between Fibonacci levels near $ 24.50
Silver is posting modest gains after closing in the red for three days. The price could struggle to overcome the $ 25.50 hurdle any time soon. After closing the previous three trading days in negative territory, the pair XAG / USD it experienced a rebound on Tuesday and was last seen gaining 0.71% on the […]
XAU / USD fails to assert itself above $ 1910
Gold regained traction on Friday and recovered some of the previous day’s losses. The technical setup supports the prospects for a move to the $ 1931-33 zone, of getting hold above $ 1910. Break below $ 1900 will negate the positive outlook. Gold rose to $ 1914 in the first minutes of the American session, […]
XAU / USD without direction around $ 1,900 / oz
Gold alternates profit and loss around the $ 1,900 area. The 100-day SMA near $ 1,870 maintains the monthly decline so far. Inconclusive price action in the dollar weighs on the yellow metal. Gold prices They are trading without clear direction at the end of the week, although they do manage well to stay above […]
Gold sets new daily highs but remains capped at $ 1910
XAU / USD rises for the third day in a row, supported by dollar weakness. Investors waiting for Brexit news and US data The gold quickly reversed an early fall in the European session to the region of $ 1903 and up to $ 1912, marking a new high for the day. It is trading $ 1909, in positive […]
XAU / USD dips below $ 1,900 before US data.
XAU / USD is trading in a tight range below $ 1,900 on Thursday. Wall Street seeks to open the day in the red. The US Dollar Index rises to new weekly highs above 93.70. The pair XAU / USD It closed modestly higher above $ 1,900 on Wednesday but struggled to push higher on […]
Gold Price Analysis: XAU / USD dips towards $ 1,900, gains more than $ 10
Gold has entered a consolidation phase after climbing above $ 1,910. Market sentiment turns sour with the latest headlines on the US stimulus talks. The US dollar index remains on track to close in negative territory. The troy ounce of the precious metal fell to its lowest level in nearly a week at $ 1,882 […]
Watch out for this ‘anomaly’ when buying gold: Investor
You may want to think twice before you go mining for precious metal ETFs. While now might seem like a good time to buy gold, with gold ETFs seeing more than $500 million in outflows in the first few weeks of 2020 as enthusiasm around the typically risk-averse yellow metal cooled, industry pros say investors […]