Gold remains in consolidation mode, unable to climb firmly above $1,835. It trades on neutral ground, looking for the fifth daily rise in a row. US inflation data at 13:30 GMT may generate volatility. Gold is trading flat on Thursday. During the European session, XAU/USD climbed to $1,836, the highest level in two weeks, but […]
Tag: XAUUSD
XAU/USD challenges strong resistance at $1,834 ahead of US CPI.
Gold underpins July 2021 swing highs around $1,834 as market braces for US inflation. US Treasuries fell led by 10-year yields down to 1,923%. XAU/USD Technical Outlook: Neutral, unless it breaks above $1,834, which would change the bias to neutral-bullish. Gold (XAU/USD) rises in the American session riding on a catalyst, coupled with falling US […]
XAU/USD eyeing $1830 sideways, validates recent gains
Gold remains in favor, although capped at $1,830. Lower yields, falling dollar and risk appetite support metals. With no impact data on Wednesday, the focus is on US inflation numbers on Thursday. The gold remains range bound on Wednesday, moving around $1827, with no significant change for the day. The price is validating the recent […]
XAU/USD erases losses and returns to the $1820 zone
Gold maintains a bullish bias in the very short term. Rise in Treasury bond yields and firm dollar complicate XAU/USD advance. Gold rebounded after falling as low as $1,815 and returned to the $1,820 area. Previously it had risen to test the high zone in almost two weeks which reached $1823. The metal maintains a […]
XAU/USD faces resistance at the $1815 zone
After a positive start on Monday, gold loses strength on the rise in Treasury yields. XAU/USD bullish bias, but without great intensity. The gold is rising modestly on Monday, after pulling away from highs. The value of the zone rose at the beginning of the week to $1815.45, the highest intraday level in a week […]
XAU/USD slides back towards $1,800 after better-than-expected NFP report
Gold fell back to $1,800 in recent trading after stronger-than-expected US labor market data. The strong NFP number, strong wage growth and rising participation rate spurred a new buildup of Fed tightening bets. Gold prices (XAU/USD) fell back towards the $1,800 level in recent trading on the back of the latest much better-than-expected US labor […]
XAU/USD under pressure, falls below $1,800
Gold breaks below $1,800 and falls to its lowest level since Monday. Price testing $1,790 support area; a break down could trigger further losses. Metal under pressure despite falling DXY, hurt by rising US yields. Gold lost more than $10 within minutes after breaking below $1,800. XAU/USD bottomed out at $1,788, reaching the lowest level […]
XAU/USD returns above $1,800, and targets $1,810 ahead of ADP
Dollar weakness and stability in Treasury bond yields support XAU/USD. Metals advance Wednesday ahead of ADP report. The gold it bounced off $1,794 and returned $1,800 on the back of a dollar pullback. XAU/USD climbed to $1,804, marking a high for the day. The yellow metal is still far from Tuesday’s high below $1810, but […]