Gold price (XAU/USD) rallied to over a three-week high, around the $1,932-1,933 area on Friday in the wake of the intensifying Israel-Hamas conflict, which forced investors to take refuge in traditional safe-haven assets. Apart from this, expectations that the Federal Reserve (Fed) is nearing the end of its rate-hiking cycle provided an additional boost to the non-yielding yellow metal.
Bulls, however, struggled to capitalize on the momentum beyond a technically significant 200-day Simple Moving Average (SMA). This, along with elevated US Treasury bond yields, prompts some profit-taking around the Gold price on the first day of a new week. The XAU/USD extends its steady descent through the European session, albeit manages to hold above the $1,900 mark amid a subdued US Dollar (USD) price action. A softer Greenback tends to benefit US Dollar-denominated commodities, including the XAU/USD.
GOLD BUY : 1914
TP. : 1930
TP. : 1940
TP. : 1950
SL. : 1900
Bulls, however, struggled to capitalize on the momentum beyond a technically significant 200-day Simple Moving Average (SMA). This, along with elevated US Treasury bond yields, prompts some profit-taking around the Gold price on the first day of a new week. The XAU/USD extends its steady descent through the European session, albeit manages to hold above the $1,900 mark amid a subdued US Dollar (USD) price action. A softer Greenback tends to benefit US Dollar-denominated commodities, including the XAU/USD.
GOLD BUY : 1914
TP. : 1930
TP. : 1940
TP. : 1950
SL. : 1900
Note
10 Pips Running Enjoy ✅💯Note
20 Pips Running Enjoy 💥💥Note
30 Pips Done NicelyNote
Confirm Target 🎯Note
35 Pips Enjoy Big ProfitNote
Follow My Chart 📉📈Note
Confirm Buy Target 🎯Note
40 Pips Running Amazing 😍😍Note
Need Your Some SupportNote
Confirm Chart 📉📈Note
Running Good ProfitNote
Support Us Need Your Some SupportNote
Confirm AnalysisNote
Need Some SupportNote
Hold on it Will Go Highly UpNote
Follow My Chart 📉📈Note
100 Pips Done NicelyNote
Confirm Target 🎯🎯Note
Need Your Big Big SupportNote
Running Amazing ProfitNote
Confirm Target 🎯🎯🎯🎯Note
Support Us 💯💯Note
Hold on It Will Fly Highly UpNote
Follow Us Need Your Some SupportTrade closed: target reached
360 Pips Target Done Enjoy ✅💯
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