JohnHarry_7

JohnHarry_7

Gold price sticks to modest gains near weekly top, bulls seem non-committed ahead of US NFP Gold price (XAU/USD) struggles to capitalize on its modest intraday uptick and remains below the weekly top through the early part of the European session on Friday. Gold now buy 2659 Support 2685

JohnHarry_7

From a technical perspective, any subsequent fall is likely to find decent support near a short-term ascending trend-channel resistance breakpoint, around the $2,625 region. This is followed by the $2,600 mark, which if broken decisively could pave the way for some meaningful downside in the near term. Given that the Relative Strength Index (RSI) on the daily...

JohnHarry_7

On the flip side, the $2,670-2,671 area now seems to act as an immediate hurdle ahead of the $2,685-2,686 zone, or the record high touched last Thursday. This is closely followed by the $2,700 round figure, which if conquered will be seen as a fresh trigger for bullish traders and set the stage for an extension of a multi-month-old uptrend. Gold now buy...

JohnHarry_7

Gold price retains its bullish bias near fresh record highs, as demand for the US Dollar remains subdued following US PCE inflation figures. The strong momentum around stocks limits demand for the safe-haven metal. Gold hovers around $2,670 as US Dollar resumes decline Gold now buy 2649 Support 2705

JohnHarry_7

Gold price (XAU/USD) pulls back after refreshing a record high on Wednesday and touches a daily low, around the $2,655 area heading into the European session. The prevalent risk-on mood, along with slightly overbought conditions on the daily chart, prompts some profit-taking and exerts pressure on the precious metal amid a modest US Dollar (USD) uptick. Any...

JohnHarry_7

If it breaks above $2,600, it will print a higher high and confirm the uptrend is continuing. The next target above that would be round numbers: $2,650 and then $2,700. Gold now buy 2624 Support 2650 In the event that Gold’s RSI enters the overbought zone on a closing basis, however, it will advise traders not to add to their long positions. Confirm signal

JohnHarry_7

If it breaks above $2,600, it will print a higher high and confirm the uptrend is continuing. The next target above that would be round numbers: $2,650 and then $2,700. Gold now buy 2617 Target quick 2655

JohnHarry_7

If it breaks above $2,600, it will print a higher high and confirm the uptrend is continuing. The next target above that would be round numbers: $2,650 and then $2,700. Gold now buy 2617 Target quick 2655

JohnHarry_7

Gold (XAU/USD) preserves its bullish momentum and trades at a new all-time high above $2,610 on Friday. Heightened expectations that global central banks will follow the Fed in easing policy and slashing rates lift XAU/USD.

JohnHarry_7

Gold loses its traction and falls toward $2,570 after climbing above $2,590 during the European trading hours. The benchmark 10-year US Treasury bond yield rises toward 3.75% in the Fed aftermath, making it difficult for XAU/USD to push higher. Gold now buy 2581 Support 2605 Resistance 2556 Confirm signal

JohnHarry_7

Gold now buy confirm signal FOMC Target today Gold now buy 2570 Support 2601 Resistance 2560

JohnHarry_7

Gold (XAU/USD) plateaus in the $2,580s on Tuesday, ahead of the release of potentially market-moving US data later in the day and the Federal Reserve (Fed) meeting on Wednesday. Gold now buy 2572 Support 2600 Resistance 2550

JohnHarry_7

Gold trades in a narrow range above $2,580 after touching a new record-high near $2,590 earlier in the day. The benchmark 10-year US Treasury bond yield holds above 3.6% ahead of the Fed meeting and makes it difficult for XAU/USD to find direction. Gold now sell 2581 Support 2550 Resistance 2600 In the event of a correction, firm support lies at $2,550, $2,544...

JohnHarry_7

Gold preserves its bullish momentum and trades near $2,580 after setting a new record-high slightly above this level. The 10-year US Treasury bond yield stays in the red below 3.7% as markets reassess the odds of a large Fed rate cut, helping XAU/USD push higher. Gold (XAU/USD) breaks out of its multi-week sideways range and surpasses the previous record highs of...

JohnHarry_7

Gold preserves its bullish momentum and trades near $2,580 after setting a new record-high slightly above this level. The 10-year US Treasury bond yield stays in the red below 3.7% as markets reassess the odds of a large Fed rate cut, helping XAU/USD push higher. Gold now sell 2577 Support 2550 Resistance 2587

JohnHarry_7

Gold maintains its bullish bias amidst the mild pullback in the Greenback and trades at a new record high at around $2,550. The data from the US showed that the annual producer inflation declined to 1.7% in August from 2.1% in July. Gold now sell 2553 Support 2528 Resistance 2570

JohnHarry_7

Gold touches the top of its range and then falls back down to $2,500 after the release of US inflation data on Wednesday. The benchmark 10-year US Treasury bond yield rebounds on stronger-than-forecast monthly core CPI print and drags XAU/USD lower. Gold now sell 2514 Support 2495 Resistance 2525

JohnHarry_7

Gold touches the top of its range and then falls back down to $2,500 after the release of US inflation data on Wednesday. The benchmark 10-year US Treasury bond yield rebounds on stronger-than-forecast monthly core CPI print and drags XAU/USD lower. Gold now sell 2514 Support 2495 Resistance 2525