JohnHarry_7

JohnHarry_7 Updated 

Gold price must seek a daily candlestick closing above the $2,700 barrier to initiate a fresh uptrend toward the $2,750 psychological level Gold now buy 2699 Target 2735 The short-term technical outlook for Gold price continues to support Gold buyers, courtesy of last week’s symmetrical triangle breakout. Gold signal

JohnHarry_7 Updated 

Gold price trades with a mild negative bias during the first half of the European session and for now, seems to have snapped a four-day winning streak to a one-month high touched on Friday. The upbeat US NFP report reinforced market expectations that the Fed will pause its rate-cutting cycle later this month. Xauusd buy 2666 Support 2675 Support 2680 Target. ...

JohnHarry_7 Updated 

Gold price (XAU/USD) gains some follow-through positive traction for the fourth consecutive day and trades at its highest level in nearly a month above $2,680. Market focus shifts to US labor market data, which will feature Nonfarm Payrolls and wage inflation figures. Xauusd buy 2680 Support 2700 Target 2710 Gold climbs to fresh multi-week high above $2,680...

JohnHarry_7

Gold price turns positive for the third straight day and draws support from a combination of factors. Geopolitical risks, trade war fears and retreating US bond yields lend support to the XAU/USD pair. Xauusd now sell 2666 Support 2652 Support 2640

JohnHarry_7 Updated 

Gold price (XAU/USD) fluctuates in a narrow range at around $2,650 on Wednesday. The benchmark 10-year US Treasury bond yield holds at its highest level since late April near 4.7%, making it difficult for XAU/USD ahead of FOMC Minutes. Xauusd sell 2658 Support 2640

JohnHarry_7 Updated 

Following Monday's indecisive action, Gold gains traction and rises to the $2,650 area. With the benchmark 10-year US Treasury bond yield holding above 4.6% ahead of key US data releases, however, XAU/USD struggles to gather bullish momentum. Xauusd sell 2652 Target 2610

JohnHarry_7 Updated 

Gold price attracts some follow-through sellers at the start of a new week and retreats further from a nearly three-week high, around the $2,665 region touched on Friday. The prospects for slower Fed rate cuts in 2025 keep US Treasury bond yields elevated, undermining the non-yielding yellow metal. Xauusd buy 2625 Support 2635 Support 2645 Samll sell

JohnHarry_7 Updated 

Gold shed some ground on Friday after rising more than 1% on Thursday. The benchmark 10-year US Treasury bond yield trimmed pre-opening losses and stands at around 4.57%, undermining demand for the bright metal. Market players await next week's first-tier data Gold price trades near $2,660.00 per troy ounce on Friday, with the daily chart signaling an emergence...

JohnHarry_7 Updated 

Gold price reverses earlier gains and returns to the red near $2,650 in Friday's European trading. US President Biden discussed contingency plans to strike Iran’s nuclear facilities, which helped Gold price sustain its upswing. But sellers returned amid profit-taking ahead of top-tier US PMI data. Xauusd sell 2654 Support 2630 Support 2620

JohnHarry_7 Updated 

Gold price rises for the third consecutive session on Thursday, following a more than 27% increase in 2024, marking its best performance since 2010. This upward momentum has been driven by US monetary easing, persistent geopolitical tensions, and record central bank purchases. Xauusd sell 2636 Support 2620 Target 2612 Small sell Risk sell

JohnHarry_7

USD/JPY extends its losses for the third consecutive session on New Year’s Eve, trading around 156.20 during early European hours on Tuesday. However, the Japanese Yen (JPY) is headed for a decline of over 10% in 2024, marking its fourth straight year of weakening against the US Dollar (USD) On the upside, the USD/JPY pair may retest its monthly high of 158.08,...

JohnHarry_7 Updated 

After posting losses for two consecutive days, Gold found support near $2,600 and staged a rebound early Tuesday. As investors refrain from taking large positions ahead of the New Year Day holiday, XAU/USD clings to daily gains at around $2,620. Gold now buy 2611 Support 2640

JohnHarry_7 Updated 

Gold price trades near $2,620.00 on Monday, with the daily chart indicating a consolidation phase as the metal moves sideways near the nine- and 14-day Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) hovers just below the 50 mark, reflecting a neutral sentiment. A decisive move above 50 could signal increased buying interest in the...

JohnHarry_7

The Pound Sterling (GBP) weakened against its major counterparts as expectations grew for a dovish policy stance from the Bank of England (BoE) in the coming year. In December, the UK central bank held its key interest rate steady at 4.75%, but a surprising split vote—where three policymakers supported rate cuts—hinted at a potentially faster pace of easing in...

JohnHarry_7 Updated 

Gold enters a consolidation phase and trades below $2,630 on Friday after closing in positive territory on Thursday. The risk-averse market atmosphere helps XAU/USD limit its losses as investors refrain from taking large positions heading into the end of the holiday-shortened week. Gold now buy 2625 Support zone 2650 Small sell The 14- and nine-day EMAs at...

JohnHarry_7 Updated 

Gold trades in a narrow channel above $2,600 on Tuesday, albeit lacking strong follow-through buying. Geopolitical tensions and trade war fears lend support to the safe-haven XAU/USD, while the Fed’s hawkish shift acts as a tailwind for the USD and caps the precious metal. Gold confirm signal Gold now sell 2629 Target 2580 From a technical perspective, the...

JohnHarry_7 Updated 

On the flip side, the $2,616-$2,615 region that is deemed as a pullback area, or the 23.6% Fibo. level could offer immediate support. This is followed by the $2,600 round-figure mark, below which the Gold price could retest the monthly swing low, around the $2,583 zone touched last week. Some follow-through selling will be seen as a fresh trigger for bears and set...

JohnHarry_7 Updated 

Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session. Gold now sell 2623 Support 2590 Support 2550 Resistance 2680