Gold’s recovery from $ 1,850 is rejected at $ 1,880. XAU / USD fails to take advantage of the positive market climate. The drop from the $ 1,850 support could accelerate the downtrend. Gold futures They are consolidating above $ 1,870 before the weekly close after being rejected at $ 1,880 earlier today. Gold has […]
Tag: NOTE
XAU / USD rises towards $ 1,880
The XAU / USD extended the gains and hit a fresh two-day high at $ 1,880. Gold is heading to the lowest weekly close since September. Gold jumped from $ 1,867 to $ 1,880 / oz, reaching the highest level in two days. From the roof it receded and at time of writing the metal […]
XAU / USD remains confined to a range, bearish bias persists
Gold lacked a firm directional bias and was found to range around the $ 1,865 region. This week’s sustained advance, an upward sloping trend channel, favors bearish traders. The recovery attempt could be viewed as a selling opportunity and remain capped near $ 1,900. The gold it extended its sideways consolidation price action throughout the […]
XAU / USD bounces off strong long-term support
Gold is back to defend the long-term support at $ 1,850. A rebirth upward movement needs a close above the November 6 high. Gold is currently trading above $ 1,865, after hitting lows near the $ 1,850 level on Thursday. That level offered support several times in the second half of September and early this […]
XAU / USD rises to $ 1,860 after testing $ 1,850 support
XAU / USD extends losses for the fourth day in a row to test the support at $ 1,850. Gold is weakening due to risk aversion as COVID-19 cases continue to rise. The breakout of $ 1,850 could accelerate the near downtrend for gold. Gold futures They have headed south for the fourth day in […]
XAU / USD remains near 1-week lows around the $ 1,860 region
A good recovery in USD demand puts some continuing pressure on gold prices. A softer risk appetite and pessimistic expectations from the Fed extend some support to gold. The gold stays under pressure during the European session on Thursday, although it has managed to reduce some of its initial losses to lows of more than […]
XAU / USD bounces off weekly lows near $ 1,855 amid a drop in Treasury yields
Gold recovers from lows but remains under pressure as the US dollar strengthens on risk aversion. The increase in coronavirus cases and new global lockdowns influence market sentiment. Optimism about vaccines is ignored, as the focus remains on updates on Covid data. The oro (XAU / USD) attempts to bounce from weekly lows near the […]
XAU / USD regains initial lost ground to weekly lows, near $ 1,880
A subdued demand for USD helped gold attract some buying on Wednesday’s dips. With the hopes of the COVID-19 vaccine, market optimism should limit any further gains. The gold It has managed to regain a significant portion of its initial lost ground to weekly lows and was last seen trading with modest losses, just below […]
XAU / USD declines below ascending channel / bearish pennant support
Gold saw some selling for the second straight session on Wednesday. The decline appears to have confirmed a break below a bearish pennant pattern. The scenario looks set for a pullback towards the $ 1,950-48 support test. Gold extended this week’s rejection drop from close to $ 1,900 and remained depressed for a second straight […]
Neutral gold, within the limits of 1850-1973.80 – Commerzbank
Gold (XAU / USD) reversed direction recently just before the mid-September 1973 high.80, but continues to hold above the 1850 low, describe Commerzbank strategists, who are metal-neutral. Key statements: “Si a break of the 1850 support is observed, we would allow additional losses to the 200-day moving average at 1792.24 and possibly the May high […]
