JohnHarry_7

JohnHarry_7

Gold price is looking to extend its previous retreat from all-time highs of $3,058 in Asian trading on Friday. Despite the pullback, Gold price remains on track to book the third consecutive weekly gain. Gold buy 3030 Support 3040 Support 3051 Technically, the Gold price retains its upside potential as the ascending triangle breakout remains in effect.

JohnHarry_7 Updated 

Gold corrects lower after setting a new record-high above $3,050 early Thursday but manages to stabilize above $3,030. Retreating US Treasury bond yields after the Fed's March meeting help XAU/USD hold its ground. Xauusd signal sell 3040 Support 3029 Support 3000

JohnHarry_7 Updated 

Gold price struggles to capitalize on the Asian session uptick to the $3.045 area or a fresh all-time peak as bulls pause for a breather and opt to wait for the outcome of a two-day FOMC meeting before placing any directional bets on the bullion. Technically, nothing changes for the Gold price in the near term as the bullish bias remains intact, with the...

JohnHarry_7 Updated 

Gold price is printing fresh record highs above $3,020 on Tuesday as Middle East tensions intensify. Israel resumed military operations against Hamas in Gaza after the group rejected US proposals for extending ceasefire. All eyes now remain on the Trump-Putin call. Xauusd signal 3023 Support zone 3000 Support 2980 Target 2950 Resistance 3035 New hit 3055

JohnHarry_7 Updated 

From a technical perspective, last week's breakout through the $2,928-2,930 horizontal resistance and a subsequent move was seen as a fresh trigger for bulls. That said, the daily Relative Strength Index (RSI) remains close to the overbought territory and is holding back traders from placing fresh bullish bets around the Gold price. Hence, it will be prudent to...

JohnHarry_7

Gold price confirmed an upside break of an ascending triangle formation after closing Thursday above the horizontal trendline resistance at $2,956. On a corrective downside, Gold price could challenge the previous triangle resistance-turned-support at $2,919. Gold now sell 2982 Target 2950 Stop loss 3000

JohnHarry_7

GBP/USD continues to trade in the upper half of the ascending regression channel and the Relative Strength Index (RSI) indicator on the 4-hour chart holds near 60, suggesting that the bullish stance remains intact. A pivot level seems to have formed at 1.2950. Once this level is confirmed as support, 1.3000 (round level, static level, upper limit of the ascending...

JohnHarry_7

Gold continues to push higher toward $2,950 after closing the previous two days in positive territory. The precious metal benefits from the risk-averse market atmosphere as investors grow increasingly concerned about trade wars causing an economic downturn. Xauusd sell 2946 Support 2940 Support 2930 Target 2910 Resistance 2955 Resistance 2960

JohnHarry_7

Gold’s price holds onto weekly gains and trades above $2,915 at the time of writing on Wednesday ahead of the United States Consumer Price Index (CPI) release for February. Market consensus is for a deceleration in all inflation measures, both monthly and yearly gauges. Xauusd sell signal 2914 Support 2905 Support 2900 Target 2895 Resistance 2930

JohnHarry_7

The GBP/JPY cross attracts some sellers to around 190.60 during the early European trading hours on Monday. The Japanese Yen (JPY) gathers strength against the Pound Sterling (GBP) amid the hawkish expectations of the Bank of Japan (BoJ) and the safe-haven demand.

JohnHarry_7 Updated 

Gold price builds on its intraday ascent beyond the $2,900 mark, hitting a fresh daily high during the first half of the European session and reversing a major the previous day's losses to a one-week low. Investors remain worried about the potential economic fallout from US President Donald Trump's trade tariffs and persistent geopolitical risks. Xauusd sell...

JohnHarry_7 Updated 

Gold struggles to hold its ground and trades in the red near $2,900 on Monday. In the absence of high-impact data releases, investors refrain from taking large positions and wait for fresh developments surrounding the Trump administration's tariff policy. Xauusd sell 2904 Support 2894 Resistance 2915

JohnHarry_7 Updated 

Gold price remains confined in a range above $2,900 on Friday as traders keenly await the US NFP release. Rising trade tensions, the risk-off mood, and a weaker USD lend support to the precious metal. Bets for more interest rate cuts by the Fed contribute to limiting losses for XAU/USD. Xauusd sell 2922 Support 2900

JohnHarry_7

Gold’s price is consolidating for a second day in a row around $2,900 on Thursday while keeping an eye on the all-time high at $2,956. Although there might be some easing for Canada and Mexico with a delay on car import tariffs into the United States, the reciprocal tariffs are still due to kick in as of April Xauusd sell 2910 Resistance 2898/2890

JohnHarry_7 Updated 

Gold leaves behind initial losses and advances modestly on Wednesday, regaining the $2,920 zone per troy ounce after the US ISM Services PMI signalled a pick-up in services inflation and employment in February. The daily chart for XAU/USD shows it trades around its daily opening, while an intraday dip was quickly reverted, suggesting buyers are taking advantage...

JohnHarry_7 Updated 

Gold builds on Monday's gains and trades decisively higher on the day near $2,920 on Tuesday. Markets remain risk-averse as the US' trade partners introduce retaliatory measures against tariffs, fuelling a leg higher in XAU/USD. From a technical perspective, failure ahead of the $2,900 mark warrants some caution for bullish traders. That said, oscillators on the...

JohnHarry_7 Updated 

Gold rebounds from the fresh multi-week low it set near $2,830 on Friday and trades above $2,870 on Monday. Markets remain on edge amid the uncertainty surrounding the Russia-Ukraine conflict and upcoming US tariffs on Chinese, Mexican and Canadian imports. Xauusd sell 2876 TP1 2870 TP2 2860 Target 2830

JohnHarry_7 Updated 

The signs projected earlier this week are being proven right on Friday, with a near 3% loss in the precious metal so far this week. However, the fundamentals still look good for more upside in Gold, with tariffs still being a main theme and not just a one-off event. Look to support levels such as $2,790 to be ready and buy back in large amounts to participate in...