Gold price extends a five-day rally amid a broadly weakened US dollar. Risk aversion and falling Treasury yields fuel XAU/USD gains. A daily close above the 21-day SMA is key to further rallies. The price of gold (XAU/USD) is returning to the highest levels in two weeks, while the bulls continue to receive support from […]
Tag: XAUUSD
Gold Price Forecast: XAU/USD climbs to $1865, two-week high
Gold is favored by the rise in the stock markets and the weakness of the dollar. XAU/USD improves short-term outlook, next resistance at $1870 zone Silver, oil and Bitcoin are also up. The Prayed it is rising since the beginning of the week, supported by the weakness of the dollar and a better mood throughout […]
Gold Price Forecast: XAU/USD Rises to 1-Week High, Needs Continuation Above $1,850
Gold rises to a one-week high on Friday amid a softer tone around the dollar. Recession fears benefit the yellow metal as a safe haven. A good recovery in stock markets and expectations of an aggressive Fed rate hike limit gains. The price of gold (XAU/USD) it has extended the previous day’s bounce above the […]
Gold Price Forecast: XAU/USD bounces back up to test barrier at $1830 zone
Gold bounces boosted by falling dollar and bond yields. Equity markets remain in the red, contributing to the persistence of high volatility. Confirmation above $1,835, I would target $1,850. Gold rebounded from $1,810 and climbed to $1,830, marking a new high for the day. The metal’s rise was due to a decline in the dollar […]
Gold Price Forecast: XAU/USD Remains Vulnerable Amid Rate Hike Expectations
Gold extends its sideways consolidation move for the third day in a row on Thursday. Expectations of an aggressive Fed rate hike and high US bond yields act as a headwind for the yellow metal. Recession fears are weighing on investor sentiment and helping to limit the fall in gold prices. The price of gold […]
Gold Price Forecast: XAU/USD Rebounds to High at $1820
Gold finds support above 1805 and rebounds. DXY rises after three days of declines, stable Treasury yields. The Prayed rallied and hit daily highs of $1,820 on Wednesday. Previously the metal had retreated to $1807, from where it rebounded and gained momentum. Trying to catch up The strong pullback that started in the American session […]
Gold Price Forecast: XAU/USD remains under pressure around the $1,810 region
Gold witnessed selling for the second day in a row on Wednesday amid modest dollar strength. Expectations of an aggressive rate hike from the Fed and rising US bond yields helped the dollar stem its recent slide. Recession fears weigh on investor sentiment and could support the yellow metal as a safe haven. The price […]
Gold Price Forecast: XAU/USD reverses trend and makes daily lows below $1820
Gold loses strength on resurgence of Treasuries. Equity markets moderate the advance. The dollar remains in negative territory throughout the market. The Prayed erased previous gains and turned negative for the day during the American session, signaling that the rally has run out of steam. The price of an ounce had climbed to $1,836, the […]
Gold Price Forecast: XAU/USD Extends Recovery and Heads Above $1830
Gold validates an important bounce on Monday. From the floor, XAU/USD rises more than $40 and tests resistance at $1,830. The dollar corrects sharply lower, stocks rise significantly. The Prayed is trading in positive territory on Tuesday, with moderate gains, and confirms a strong bounce from Monday, when it rose more than $40 from the […]
Gold Price Forecast: XAU/USD Recovers from Monthly Lows and Rises Above $1800
Gold tries to find a floor to fall, remains under pressure. Calm in financial markets contributes to the rebound of metals. The Prayed it is trading barely in negative territory on Monday after experiencing a recovery in the last few hours. XAU/USD had fallen to $1,786, the lowest level since late January, before bouncing back […]