Gold continued to gain ground for a third straight session on Tuesday. The setup favors bullish traders and supports the prospects for additional earnings. Sustained advancement of an ascending trend line will negate the bullish bias. The oro It rose for the third straight session on Tuesday and built on its recent bounce from the […]
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XAU / USD posts new highs, look at $ 1,900
XAU / USD continues to rebound from monthly lows, approaching $ 1,900. The improvement in risk sentiment weakens the USD, DXY remains above 94.00. Yellow metal it is rising modestly on Monday as it continues to rebound from the one-month low of $ 1,859 / oz Thursday. Recently, the ounce rose to $ 1,895, the […]
Gold rises to three-day highs, $ 1,900 back in sight
Gold gained some follow-up traction for the second straight session on Monday. A moderate demand from the USD, the political uncertainty of the United States provided a slight boost to the raw material. Signs of a strong opening in the US equity markets could contain any additional gains. The gold it maintained its bidding tone […]
XAU / USD cuts losses and approaches $ 1,900
Gold cuts weekly losses and returns to $ 1,885. The precious metal rebounds amid moderate dollar weakness. A clear victory for Biden could open the doors to the recovery of gold. Gold futures They have recovered from lows of $ 1,860, returning to the $ 1,885 zone, driven by a slightly brighter market environment on […]
Gold rises to two-day highs, retreating approaching $ 1,900
Gold witnessed a short hedging move on Friday amid renewed USD sell bias. Weaker risk sentiment, falling US bond yields continued to support the bullish move. The bulls may still wait for some solid follow-up purchases before placing new bets. The gold added to its intraday gains and jumped to two-day highs around the $ […]
Gold Clings to Modest Gains Above $ 1,870 Level, Still Vulnerable
Gold gains some positive traction on Friday and moves away from month-long lows. A dovish USD price action and weaker risk appetite support the move higher. The technical setup supports the prospects for a further decline and warrants caution for the bulls. Prices of the Gold is moving with a slight positive bias during the […]
Gold XAU / USD Analysis Tries to Bounce From Monthly Lows to $ 1,860
Gold recovery attempt from $ 1,860, capped below $ 1,875 XAU / USD remains weak with the USD rising. The US dollar is recovering on the fears of COVID-19 and the uncertainty of the US elections. Gold futures They are trying to recover after having depreciated more than 2% in the last two days. The […]
Gold falls near one-month lows, below $ 1,870 after US GDP.
Resurgent demand for the US dollar sparked further gold sales on Thursday. The USD remained high after the release of the optimistic US Q3 GDP report. The US economy expanded at an annualized rate of 33.1% compared to the 31% expected. The gold it extended its sharp intraday slide during the early North American session […]
XAU / USD returns initial profit and remains unchanged below the $ 1,880 level, the rally appears limited
Political uncertainty in the US kept the USD bulls on the defensive and helped gold gain traction. The rally lacked a strong follow-on buying and risks fading away fairly quickly. Investors are now waiting for the release of the US Q3 GDP report for further momentum. Gold prices have moved higher during the Asian session […]
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 […]
