Worries that surging COVID-19 infections in some countries could derail the global economic recovery continued lending some support to the safe-haven XAU/USD. Aside from rising supply, commodity prices face a number of other headwinds over the next year including the prospect of a stronger US dollar and higher US Treasury yields. The gold price has […]
Gold is on a steady recovery towards $1800, helped by the extension of the decline in the US dollar and concerns over surging covid cases in Asia. The TCD is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc. Markets and […]
Earlier in the day, gold slipped as weaker US Durable Goods data lifted the safe-haven demand for the greenback while an uptick in the Treasury yields also drove the buck higher. However, what traders are concerned about is the pace of their asset purchase program, as there is some evidence of those purchases losing some […]
The XAU/USD pair failed to break above $1,800 last week and stayed relatively quiet during the Asian trading hours on Monday. With the latest decline, the Relative Strength Index indicator on the four-hour chart fell toward 40, suggesting that the bearish momentum is building up. On the first day of a new week, sustained USD […]
Markets are turning risk-averse as the Fed begins its two-day monetary policy meeting later today while surging covid cases in emerging economies also underpin the safe-haven US dollar. Following its bounce off an ascending support line from March 31, gold remains lackluster around $1,780 amid Tuesday’s Asian session. Markets and instruments profiled on this page […]
Gold fails to extend late Friday’s corrective pullback while refreshing intraday low to $1,774.70 during the early Asian session trading on Monday. Although S&P 500 Futures begin the week on a firmer footing, gold buyers aren’t convinced for a return and they have reasons. On the positive side, the US regulators approved the restart of […]
The Crypto Fear & Greed Index, which measures current sentiments across the crypto market, moved from “Extreme Greed” toward “Fear,” as most cryptocurrencies traded in a sea of red. Further, Bitcoin’s Network Realized Profit/Loss on-chain metric suggests that coins moving on the blockchain are on average doing so at a loss, just ten days after Bitcoin set […]
Gold holding strong support at 1781/78 targets 1788/90 with minor resistance at1794/96 but eventually we should test strong 100-day moving average resistance at1803/05. Gold snapped a two-day winning streak and fell from near the $1798 region after reports that US President Joe Biden is proposing a capital gains tax hike for the wealthy to fund […]
On a day where stocks have fallen and the US dollar has risen, the precious metals are under pressure again. On Thursday, the rate was declining, as by the middle of the day’s European trading hours, the rate had almost reached the 55 and 100-hour simple moving averages. Markets and instruments profiled on this page […]
At the time of writing, XAU/USD is trading at $1,783.11 and is consolidating in a $3 range in a quiet start to the last Asian session of the week. Gold rose to near $1800.00 an ounce yesterday but could not sustain the momentum as the US Dollar strengthened after the Biden capital gains tax story […]
Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Unlike BTC or ETH, XRP price shows signs of recovery as long as it stays above a critical demand zone. Gold struggled to capitalize on […]
The precious metal witnessed a modest pullback from the vicinity of the $1,800 mark and has now eroded a major part of the previous day’s positive move to the highest level since late February. This was evident from the prevalent cautious mood around the equity markets, which should extend some support to the safe-haven commodity. […]
Gold rallied to hit fresh two-month highs at $1798 on Wednesday, helped by the renewed weakness in the US Treasury yields, which eventually dragged the dollar. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these […]
Gold reverses the latest pullback moves from multi-day top while taking rounds to $1,794 ahead of Thursday’s European session. The precious metal witnessed a modest pullback from the vicinity of the $1,800 mark and has now eroded a major part of the previous day’s positive move to the highest level since late February. Markets and […]
The US Dollar Index failed to holds onto the recent recovery and is back into negative territory, at 91.15. The yellow metal continues with the bullish run after testing during the last week of March the YTD low around $1677. Markets and instruments profiled on this page are for informational purposes only and should not […]
Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Gold extended its steady intraday descent and dropped to fresh daily lows, around the $1,782 region during the mid-European session. The digital asset has been […]
Gold prices seesaw around $1,794, after rising to the highest since February 25, during the initial Asian session on Thursday. There is a widespread belief that precious metals are a safe haven and protect against inflation. Markets and instruments profiled on this page are for informational purposes only and should not in any way come […]
On the 12-hour chart, Bitcoin price has shed nearly $9,000, bringing it down to $51,541. The market-wide crash has resulted in $1.72 billion worth of long positions liquidated in the last hour alone. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a […]
![Gold Price News and Forecast: XAU/USD remains below 1750.00 [Video]](https://www.trendscan.net/wp-content/uploads/2021/04/2068_img.jpg)
The Consumer Price Index, which measures the change in what customers pay for goods and services such as groceries, clothing and gas, climbed 0.6% in March – it’s biggest monthly increase since August 2012. The sharp surge of the yellow metal’s price ended just before the metal reached the 1,750.00 level. A generally positive tone […]
Gold depreciated 10% in 1Q21, but this does not signal a gold bear market. Gold strength has been capped, for now at least, below resistance at $1755/65 and whilst below here the outlook will stay seen lower for a retest of key support at $1682/71 – the 38.2% retracement of the entire 2015/2020 bull market […]