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 […]
Tag: NOTE
XAU / USD rises to $ 1,910 and turns positive on the day
Gold bounces from the $ 1,900 support area and returns to $ 1,910. XAU / USD appreciates moderately as risk aversion wanes. Gold futures they have found support just below the $ 1,900 area earlier today before slowly climbing to $ 1,910, turning positive on the daily charts. The precious metal lost ground, with the […]
XAU / USD regains initial lost ground to seven-day lows, returns above $ 1,900
Gold managed to attract some buying on the dips on Monday and updated daily highs in the past hour. The technical setup still favors bearish traders and supports prospects for further decline. The attempt to rise could face stiff resistance and remain capped near the $ 1,918-19 zone. He oro it reversed an initial drop […]
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 rises above the $ 1,910 level again
Gold gains traction on Friday and recovers part of the previous day’s drop to weekly lows. The emergence of some new selling around the USD offers some support for the precious metal. A positive tone in the stock markets could limit strong gains in gold. The gold has moved higher during the European session on […]
XAU / USD Maintains Ascending Channel Support
Gold is defending the lower end of a multi-week rising channel. A collapse is likely due to rising US yields. Gold is currently trading just above 1902$, the lower end of the failed channel represented by the trend lines connecting the lows of September 28 and October 14 and the highs of October 2 and […]
XAU / USD reversal extends to $ 1,900
Gold cuts past gains and loses $ 30 to test $ 1,900 area Risk aversion fuels the dollar as hopes for US stimulus fade XAU / USD is testing the bottom of a triangle formation, at $ 1,895 Gold’s bullish attempt seen on Wednesday has been short-lived as the precious metal failed to extend gains […]
Gold recovers from daily lows, still negative around the $ 1,920 region
A modest pickup in USD demand triggers some selling around gold on Thursday. Risk aversion supports the safe-haven XAU / USD and helps limit deeper losses. The prices of the oro They are moving slightly lower during the European session on Thursday, although they have managed to recoup a portion of their daily losses to […]
XAU / USD breaks out of symmetrical triangular resistance
Gold rose for the third straight session on Wednesday. A move above a symmetrical triangle sets the stage for higher gains. Buying on the dips now should help limit the drop near $ 1,900. The gold It built on the previous day’s modest bounce from a two-week rising trend line support and rose to more than […]
More short-term weakness before skyrocketing to $ 2,000 next year – ABN Amro
Gold prices have been rising in recent weeks but very slowly, helped by a weaker dollar. Investors are now less convinced of another rise above $ 2,000 per ounce and ready to continue taking profits, say analysts at ABN Amro, who also estimate it will hit $ 2,100 in 2021. Key statements: “Despite modest profit […]
