Gold registers a modest recovery from near the very important 200-day SMA. The short-term technical setup still looks strongly in favor of the bears. The recovery attempt could be seen as a selling opportunity and remain limited. Gold has found decent support just above the very important 200-day SMA near the $ 1,800 level and […]
Tag: NOTE
XAU / USD seeks to recover from multi-month lows
Gold is witnessing a short hedging move on Wednesday from the $ 1,800 level. Optimism over the COVID-19 vaccine could limit any significant gains for the safe-haven precious metal. Investors are now turning to US macro data and FOMC minutes for new directional momentum. The prices of the oro (XAU / USD) They move higher […]
Gold passes the $ 1,800 level for now, visual test of the 200 DMA at $ 1,796
After another drop of more than $ 30, gold prices have stabilized above the $ 1,800 level for now, weighed by risk appetite. Gold’s 200 DMA sits just below $ 1,796, while significant resistance is to the upside at $ 1,850. El or (XAU / USD) appears to have survived a test of the $ […]
XAU / USD at four-month lows, testing $ 1,800 level
Gold finds support, for now, at $ 1,800. The US dollar remains under pressure amid appetite for risk. The XAU / USD it is falling for the second day in a row extending the correction from record levels. It recently bottomed at $ 1,800 / oz, the lowest level since mid-July. The area around $ […]
XAU / USD struggles near multi-month lows, just above $ 1,800
Gold remained under heavy selling pressure for the second day in a row on Tuesday. The optimism of the COVID-19 vaccine was seen as a key factor weighing on the safe haven product. The Fed’s dovish expectations undercut the USD, although it did not provide any support for the metal. The oro It continued to […]
XAU / USD at four-month lows below $ 1,830 level
Gold extends the previous day’s losses and remains under pressure for the second day in a row. Optimism about COVID-19 boosted investor sentiment and weighed on safe-haven gold prices. A weaker USD and pessimistic expectations from the Fed offer some support and help limit losses, for now. The oro maintains its sales pitch at the […]
XAU / USD attempts to bottom at $ 1,830, multi-month low
XAU / USD falls to four-month lows towards $ 1,830. Gold accelerates its downtrend amid broad USD strength. XAU / USD: Confirmation below $ 1,850 could add to the downward pressure. Gold futures they finally broke the $ 1,850 support on Monday, falling to fresh four-month lows at $ 1,830 amid a vastly stronger US […]
XAU / USD plunges to multi-month lows below $ 1,840 on renewed USD strength
XAU / USD came under heavy bearish pressure early in the US session. Gold could continue to weaken against the US dollar with a daily close below $ 1,850. The pair XAU / USD it fell sharply in the last few minutes and hit its lowest level since mid-July near $ 1,838. At time of […]
XAU / USD sets new daily lows and $ 1850 support looms
Gold maintains some weakness and remains close to key support zone. Optimism in markets does not favor the metal on Monday. The Gold is erasing Friday’s gains and recently fell as low as $ 1,863 an ounce. It is trading at $ 1867, registering a slight drop from Friday’s close. The recovery from the $ […]
XAU / USD is approaching the 200 hourly SMA
Gold is struggling to cross above the 200 hourly SMA. Optimism about vaccines limits demand for safe-haven gold. Gold is currently trading near $ 1,874 per ounce, after approaching the 200 hourly SMA at $ 1,876 during Monday’s Asian session. The bulls failed to settle above that moving average on Friday. Despite the latest bounce […]
