JohnHarry_7

JohnHarry_7

Gold extends its weekly advance, trading around $3,350 per troy ounce on Friday. The rally in XAU/USD is driven by broad-based weakness in the Greenback, particulalry after President Trump’s threat to impose 50% tariffs on European imports. From a technical perspective, the overnight pullback from a two-week top shows some resilience below the 23.6% Fibonacci...

JohnHarry_7

Gold builds on its weekly gains and trades above $3,350 in the second half of the day on Friday. The selling pressure surrounding the US Dollar and the risk-averse market atmosphere after US President Donald Trump threatened 50% tariffs on European imports fuel XAU/USD's rally.

JohnHarry_7

Interested in weekly XAU/USD forecasts? Our experts make weekly updates forecasting the next possible moves of the gold-dollar pair. Here you can find the most recent forecast by our market experts: Xauusd signal buy Support 3250 Support 3300 Support 3400 Resistance 3150 Resistance 3100 Resistance 3050

JohnHarry_7 Updated 

Technically, the daily chart shows that XAU/USD trades in the green, yet also that it posted a lower low and a lower high. At the same time, the 20 Simple Moving Average (SMA) turns modestly lower around the $3,305 level, while the 100 and 200 SMAs maintain their upward slopes far below the current level. Finally, technical indicators aim higher, but remain below...

JohnHarry_7

In the near term, and according to the 4-hour chart, XAU/USD is bearish. The pair trades below all its moving averages, with the 20 SMA about to cross below the 200 SMA. The latter stands at $3,232, providing relevant resistance in the case of a recovery. Finally, technical indicators lack directional strength but hold within negative levels, reflecting the...

JohnHarry_7 Updated 

Close but no cigar”, it seems for President Trump again. Several traders and analysts are wary of the conceived trade deal with China, which is only a 90-day relief. Besides reducing tariffs for 90 days, there are no fundamental elements for markets to cling to, such as forward dates for negotiations, topics, additional numbers, or anything material to see a...

JohnHarry_7

EUR/USD remains capped below its 2025 peak of 1.1572 (April 21), with the 1.1600 level and the October 2021 high at 1.1692 acting as key resistance zones. Initial contention comes at the May trough of 1.1067 (May 12), prior to the interim 55-day SMA at 1.1015, and the 200-day SMA at 1.0793. Momentum indicators suggest possible near-term consolidation. The...

JohnHarry_7

GBP/USD was last seen trading near 1.3160, where the 200-period Simple Moving Average (SMA) meets the Fibonacci 38.2% retracement level of the latest uptrend. In case the pair drops below this level and starts using it as resistance, technical sellers could remain interested. In this scenario, 1.3100 (50-day SMA) could be seen as next support ahead of 1.3070...

JohnHarry_7

EUR/USD rebounds and stabilizes above 1.1250 following a two-day slide but remains on track to post small weekly losses. The pair draws support from a pause in the US Dollar buying as traders turn cautious ahead of US-China trade talks on Saturday. The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 40, suggesting that EUR/USD's latest...

JohnHarry_7 Updated 

Gold price turns positive on the day above $3,300 following an intraday slide to the $3,275-3,274 area. Geopolitical risks stemming from the Russia-Ukraine war, the escalation of tensions in the Middle East, and the India-Pakistan border, attract safe-haven flows and support XAU/USD. Xauusd signal sell 3336 Support 3300 Support 3280 Support 3266 Resistance 3400

JohnHarry_7

Gold price has come under intense selling pressure early Wednesday, correcting sharply from two-week highs of $3,435. Renewed optimism over the upcoming US-China trade talks and profit-taking ahead of the US Federal Reserve policy announcements. Xauusd signal buy 3382 Support 3445 Support 3469

JohnHarry_7 Updated 

Gold price builds on the previous day's upsurge early Tuesday despite the emergence of some US Dollar buying. Gold price benefits from investor caution on account of US Preisdent Trump's erratic trade policies and ahead of the Fed policy decision. Xauusd signal buy 3383 Support 3414 Support 3448 Resistance 3329 Resistance 3296

JohnHarry_7

1.1300 EUR/USD managed to extend its bounce off last week’s troughs, advancing for the second day in a row in response to the extra downward trend in the Greenback and a broad-based risk-on sentiment among traders. Momentum indicators remain constructive. The Relative Strength Index (RSI) hovers near 56, suggesting there’s still room for upside, while the Average...

JohnHarry_7 Updated 

Technical indicators on the daily chart hold comfortably in the positive territory and favor the XAU/USD bulls. Hence, any further weakness below the $3,300-3,290 immediate support, representing the 38.2% Fibonacci retracement level of the latest leg up from the vicinity of mid-$2,900s or the monthly swing low, might continue to find decent support near the...

JohnHarry_7

The weekly chart for the EUR/USD pair shows extreme conditions continue to recede, while the bearish potential seems well-limited. Technical indicators retreated from their recent highs, but remain within overbought territory, with the Relative Strength Index (RSI) indicator consolidating around 70. At the same time, the pair develops above all its moving...

JohnHarry_7

The Relative Strength Index (RSI) indicator on the 4-hour chart stays below 50 and GBP/USD failed to reclaim the 50-period Simple Moving Average (SMA) despite the earlier rebound, reflecting buyers' hesitancy. GBP/USD faces a key support level at 1.3270 (Fibonacci 23.6% retracement of the latest uptrend, 100-period SMA) before 1.3200 (static level) and 1.3165...

JohnHarry_7

Bitcoin (BTC) eyes return to the $100,000 milestone as trade-related economic uncertainty appears to be clearing up as Washington is signalling that trade deals are moving closer. The crypto market capitalization climbs above the $3.13 trillion mark on Friday, Bitcoin holds steady close to $97,000, and most of the top 10 cryptocurrencies flash green in terms of...

JohnHarry_7 Updated 

Gold price drifts lower as signs of easing US-China trade tensions undermine safe-haven demand. The USD reverses a part of the overnight slide and exerts additional pressure on the XAU/USD pair. Fed rate cut bets might cap the USD and help limit losses for the commodity amid geopolitical risks. Conversely, if Gold buyers defend the abovementioned channel support...