JohnHarry_7

JohnHarry_7 Updated 

On the flip side, attempted recovery back above the $3,300 mark might confront some resistance near the Asian session high, around the $3,331-3,332 region. Any further move up might still be seen as a selling opportunity and remain capped near the $3,366-3,368 supply zone. The latter should act as a key pivotal point, which if cleared decisively should allow the...

JohnHarry_7 Updated 

The overheated Gold rally looks to be in need of some further cooling. Traders look to be buying into the rumors that a trade deal between the US and China could come very soon, despite China coming out contradicting those rumors. The risk here could be that markets are misinterpreting the US semantic on whether they are “talking” or “negotiating”, and that no...

JohnHarry_7 Updated 

On the downside, the S1 support this morning briefly broke, though sees price action now reversing back above it, at $3,302. Further down, the S2 support at $3,256 precedes the technical pivotal floor near $3,245 (April 11 high). Gold price is seeing more profit taking this Friday, erasing all of Thursday’s gains, and looks set to close off this week in the red....

JohnHarry_7

The EUR/USD pair weakens to near 1.1380 during the early Asian session on Friday. However, the downside for the major pair might be limited as investors remain concerned about the US-China trade tensions. Later on Friday, the final reading of Michigan Consumer Sentiment will be released.

JohnHarry_7 Updated 

Despite losing some upside momentium, EUR/USD keeps the firm tone around the mid-1.1300s on Thursday, buoyed by renewed US Dollar weakness as investors grappled with the continued stalemate in US–China trade negotiations.

JohnHarry_7 Updated 

Gold price sticks to its positive bias through the early European session on Thursday and trades comfortably above the $3,300 mark. US Treasury Secretary Scott Bessent's remarks on Wednesday suggested that the current trade standoff between the US and China could continue for a while longer. Xauusd signal sell 3334 Support 3296 Support 3260 Resistance...

JohnHarry_7 Updated 

The XAU/USD pair trades near its record high, and the daily chart supports another leg north. Technical indicators aim firmly north within overbought readings, while the pair remains far above all bullish moving averages. The 20 Simple Moving Average (SMA) currently hovers around $3,100, turning into a strong mid-term dynamic support should Gold finally correct...

JohnHarry_7

Even as the dollar retreats, GBP/USD continues to linger in the 1.3220–1.3230 range, forfeiting much of its intraday rally from multi‑month highs near 1.3300. Softer UK inflation data on Wednesday seem to have capped Cable’s upside.

JohnHarry_7

EUR/USD is storngly bid above 1.1350 in European trading on Wednesday. The pair draws support from a fresh round of selling in the US Dollar amid persistent fears over US-China trade war and a lack of progress on EU-US trade talks. US consumer data and Powell speech are in focus.

JohnHarry_7 Updated 

Gold price holds the advannce to record another all-time high at $3,275 per troy ounce in the Asian session on Wednesday. Safe-haven demand amid US President Donald Trump's uncertain tariff plans, softer US Dollar and prospects of further easing by the Federal Reserve provide some support to the yellow metal. Technically, the daily chart for the XAU/USD pair...

JohnHarry_7

As per XAU/USD, the pair retreated sharply after reaching the aforementioned high amid profit taking, with buyers finally returning at around $3,050. From a technical point of view, Gold has a limited bearish scope, according to technical readings in the daily chart. The intraday slide stalled far above a bullish 20 Simple Moving Average (SMA), currently at around...

JohnHarry_7 Updated 

Gold is regaining momentum, climbing above $3,120 after a slight pullback from Tuesday’s near-record high of $3,150. Retreating US yields are bolstering XAU/USD, ahead of President Trump's official announcement of the reciprocal tariff measures later this Wednesday.

JohnHarry_7

Xauusd signal sell 3132 Support 3121 Support 3111 Target 3094 Resistance 3150 Check my chart

JohnHarry_7

The latest Wall Street Journal (WSJ) report highlighted that US President Donald Trump could aim for higher and broader reciprocal tariffs on Wednesday, driving riskier assets into a tailspin while bolstering the ultimate safe-haven Gold price.

JohnHarry_7

Gold price retains its bullish bias through the first half of the European session on Friday and touches a fresh all-time peak, around the $3,086 region in the last hour. The global risk sentiment continues to be undermined by worries over Donald Trump's auto tariffs announced on Wednesday. Xauusd sell 3072 Support 3062 Support 3055

JohnHarry_7

Gold fluctuates in a relatively tight range and manages to hold above $3,020 midweek. The precious metal seems to be benefiting from the positive sentiment surrounding the commodities after Copper climbed to a new all-time high earlier in the day. On the flip side, the $3,000 mark should continue to protect the immediate downside for the Gold price and act as a...

JohnHarry_7 Updated 

On the flip side, Gold price could test Friday’s low of $3,000 should the downside regain traction. The next support is aligned at the previous week’s low of $2,982. Further south, the 21-day Simple Moving Average (SMA) and the triangle support confluence at $2,952 will be a tough nut to crack for sellers. Xauusd sell signal

JohnHarry_7

The daily chart for XAU/USD shows its under pressure for a third consecutive day, although the decline still seems corrective. The pair keeps developing above all its moving averages, with a bullish 20 Simple Moving Average (SMA) providing dynamic support at around $2,949.20. The 100 and 200 SMAs, in the meantime, keep heading north far below the shorter one....