Gold plunges $20 in minutes and then recovers part of the decline. Downward correction comes after breaking support at $1,930 and after failing to advance above $1,950. The gold quickly plummeted to $1912, after breaking below $1930 and then paring losses, rising above $1920. Volatility is expected to continue at extreme levels in the coming […]
Tag: XAUUSD
XAU/USD well supported near $1,920 as rising commodity prices spark inflation fears
Headlines from Russia/Ukraine have been negative and indicative that de-escalation in the near future remains highly unlikely, supporting haven assets. US data and Fed speeches, while worth following, will likely play a supporting role this week. The gold appears to have started March where it left off in the final weeks of February and is […]
XAU/USD slides off daily highs but remains bullish, steady around $1,900
The bearish market mood increased demand for the yellow metal. Vladimir Putin retaliates for Western sanctions, putting the Russian military on high nuclear alert. XAU/USD Price Forecast: Has a Bullish Bias but Subject to Market Sentiment. Gold (XAU/USD) reached a daily high during the Asian session at the beginning of the week. The financial market […]
XAU/USD is losing $80 as it pulls back from 15-month highs to $1,890
For the week, XAU/USD is down 0.30% so far, breaking three consecutive weeks of gains. Risk appetite in the market and high yields on US Treasuries weighed on the non-yielding metal. XAU/USD Technical Outlook: Bias to the downside as a bearish pattern is looming on the harami candlestick chart. Gold (XAU/USD) will end the week […]
XAU/USD fails to break $1,920 and falls towards $1,900
After a day of extreme volatility, gold tries to stabilize. Very short-term negative bias, after finding resistance at $1920. The gold is trading in barely positive territory on Friday. The value of the ounce rose hours ago to $1,921, but after failing to hold above $1,920, it lost momentum. It is trading at $1908, the […]
XAU/USD Pullback to $1,910, Buying Opportunity?
-637813129463055816.png "XAU/USD Pullback to ,910, Buying Opportunity?")
Gold prices fell more than $50 from the daily high. XAU/USD is now up modestly after a sharp correction. US dollar remains strong, US yields cap gold’s rally. gold prices they see a sharp correction from the $1,974 highs to the $1,920 zone. It is now approaching $1,940. Volatility remains at extreme levels in metals. […]
XAU/USD pulls back from monthly highs, finds support at $1890 zone
The precious metal loses bullish strength after failing to hold above $1,900. The phone tone remains positive, although a confirmed drop below $1890 could trigger further correction. Equity markets recover and Treasury bond yields rise. The gold is falling on Wednesday, correcting lower after reaching $1914 the previous day, the highest intraday level since May […]
XAU/USD fails to hold above $1,900
Gold falls towards $1890 after reversing the intraday trend. Mixed signals from XAU/USD moves. Negative momentum for gold occurs despite dollar weakness. The gold is falling on Tuesday, after reaching hours ago at $1914, the highest level since June 2021. The metal failed to confirm above $1910 and lost strength. A bearish correction started and […]
XAU/USD pulls back from eight-month lows, finds support above $1885
Gold corrects after failing to hold above $1,900. Pullback found support above $1,885 and is approaching $1,900 again. The gold is falling on Monday after reaching as high as $1,908 in the Asian session, the highest level since early June. After failing to stay above $1,900, the metal fell back to $1,887, paring losses in […]
XAU/USD will target $1,925 on a daily close above $1,910
Gold took advantage of safe haven flows throughout this week. A daily close above $1,910 could open the door to further gains by 1925, reports Eren Sengezer from FXStreet. XAU/USD losses will remain limited unless Russia-Ukraine conflict is resolved “Geopolitics is likely to remain the main driver of the market next week. An easing of […]
