The sustained purchase of the USD put some pressure on gold during the early days of the American session. NFP’s strong report provided an additional boost to the dollar and US Treasury yields. A softer risk tone extended some support to the XAU / USD safe haven and helped limit losses. The oro it advanced […]
Tag: Oro
XAU / USD turns back down and targets $ 1,670 before NFP
The XAU / USD consolidates the decline within a pennant on the 1 hour chart. The RSI has turned down well below the midline. The US NFP holds the key as gold struggles below $ 1,700. After hitting nine-month lows at $ 1,687 during this Friday’s Asian session, gold bulls (XAU / USD) are struggling […]
XAU / USD recovers near the $ 1,700 level but lacks continuation
Risk-off sentiment helps gold regain ground initially lost to nearly nine-month lows. A rally in US bond yields continues to benefit the USD and could limit gains. Investors await the release of the monthly US employment report for further directional momentum. The gold has recovered from an initial drop to new nine-month lows, near $ […]
Forex Today – Asian Session: Powell Boosts the Dollar … and Returns
What you need to know on Friday, March 5: The US dollar soared as US Treasury yields hit new one-year highs on the words of Federal Reserve Director Jerome Powell. As he repeated on several occasions, he pointed out that they are “on a low path” from their goals. On rates, he said the outlook […]
XAU / USD consolidates in a range near $ 1,715, awaiting Powell’s speech
Gold witnessed a modest short-hedging rebound amid mild oversold conditions. A rally in US bond yields, sustained USD buying limited any further gains. Investors are looking forward to Powell’s speech for significant business momentum. The oro it updated the daily highs, around $ 1,723 during the early days of the American session, although it declined […]
XAU / USD bears turn cautious near descending channel support
Gold is unable to retain its initial gains and falls to new daily lows in the last hour. Sustained buying around the USD is considered a key factor putting pressure on the precious metal. The oversold conditions on the daily chart warrant some caution for bears. Gold has struggled to capitalize on its modest intraday […]
XAU / USD Maintains Modest Gains Above $ 1,715 But Lacks Continuation
Risk-off sentiment triggers some hedging shorts around safe-haven gold on Thursday. A rally in US bond yields benefits the USD and limits precious metal gains. Investors await Fed Chairman Jerome Powell’s speech for a new trade boost. The oro maintains its modest gains at the start of the European session on Thursday, although lacks a […]
XAU / USD bounces off $ 1,700, but negative bias remains intact
XAU / USD bounced off $ 1,700 on Wednesday, but continues to trend downward. Gold was unfazed by the soft US data, but will pay attention to the Fed’s Powell on Thursday and NFP on Friday. Gold bears regained control on Wednesday, with spot prices (XAU / USD) resuming its steady decline and posting fresh […]
XAU / USD under pressure, hits multi-month highs just above $ 1,700
Higher US yields sent the metal down sharply and boosted the DXY. Gold tests Tuesday’s lows, downward pressure increases. Gold prices remain depressed, looking at the $ 1,700 level. The oro it fell to $ 1,701 and reached the lowest level since June. It then bounced higher to $ 1,710, but remains under pressure amid […]
XAU / USD falls below the $ 1,730 level and returns the modest gains of the previous day
A combination of factors triggers new sales around gold on Wednesday. The underlying bullish sentiment is seen as a key factor weighing on the safe-haven precious metal. A rally in US bond yields benefits the USD and added to intraday selling. The oro has seen some selling during the European session on Wednesday and has […]