Gold gains traction for the third day in a row on Wednesday. The selling tone around the USD offers support for gold prices. Concerns about a sharp increase in COVID-19 cases offer additional support. The prices of the oro move with a positive bias during the first half of the European session on Wednesday, hitting […]
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XAU / USD Struggles for Direction, Stuck in Near $ 1,900 Range
Gold now appears to have formed a symmetrical triangle on short-term charts. Neutral technical indicators warrant caution before placing directional bets. Gold extended its consolidation sideways movements during the early North American session and remained confined in the tight trading range, around $ 1,900. Looking at the technical landscape, the XAU / USD has been […]
XAU / USD remains capped below the $ 1,900 area
The recovery for gold remains limited below the $ 1,900 area. XAU / USD has been fueled by USD weakness with a rebound in risk appetite.Gold futures have opened the week on a positive note, helped by a slightly lower US dollar amid a more optimistic market environment. The yellow metal has bounced to a […]
Gold Price Analysis: XAU / USD trapped between barriers, the rise seems to have no major obstacles
Gold has risen above $ 1,900 as hopes for an American stimulus have resurfaced. The Speaker of the House of Representatives, Nancy Pelosi, and the Secretary of the Treasury, Steven Mnuchin, will speak again. If they can agree on a multi-million dollar aid package, it could boost the precious metal, while another failure could bring […]
Gold pulls back from multi-day highs, still well offered above $ 1,900
Gold regained positive traction on Monday amid a strong sell around the USD. Risk appetite, rising US bond yields kept any strong positive momentum limited. Gold spiked to multi-day highs, around the $ 1918 region during the early days of the American session, although it quickly lost around $ 10 thereafter. The precious metal managed […]
Gold rises to daily highs near $ 1,911-12 region; the climb seems limited
A softer tone around the USD helps gold regain positive traction on Monday. Risk appetite sentiment and a rally in US bond yields could limit strong gains. The bulls could expect a sustained move above a two-month downtrend line. The gold has moved higher at the start of the European session on Monday, rising near […]
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 remains stable near the $ 1,900 level
A modest pickup in USD demand puts some pressure on gold prices. A new downward movement in stock markets helps limit deeper losses. He oro moves slightly lower during the European session on Thursday, staying within the range of the previous day near the $ 1,900 level. The precious metal came under further selling pressure […]
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 […]
