JohnHarry_7

JohnHarry_7 Updated 

Gold price (XAU/USD) builds on the overnight bonce from the $2,600 neighborhood, or a one-week low and gains some follow-through positive traction for the second straight day on Wednesday. Concerns about persistent geopolitical risks stemming from the protracted Russia-Ukraine war and US President-elect Donald Trump's tariff plans turn out to be key factors...

JohnHarry_7 Updated 

At the time of writing, Gold price is consolidating the bounce near $2,625 as buyers stay cautious amid an impending Bear Cross Gold now buy 2613 Support 2631 Support 2641 Confirm signal follow my chart

JohnHarry_7

GBP/USD churned chart paper near the 1.2600 handle, finding thin gains through the day’s market window but failing to recapture the technical level as market flows do little to bolster the Pound Sterling GBP/USD remains hobbled on the south side of the 1.2600 handle, churning bids north of 1.2500 as the pair finds some breathing room after another leg lower from...

JohnHarry_7 Updated 

The overnight breakout above the $2,665 confluence – comprising the 50% retracement level of the recent pullback from the all-time peak and the 100-period Simple Moving Average (SMA) on the 4-hour chart – was seen as a key trigger for bulls. Adding to this, technical indicators on the daily chart have again started gaining positive traction and support prospects...

JohnHarry_7 Updated 

Gold buyers need a daily candlestick closing above the 50-day SMA at $2,660 to unleash additional recovery toward the 21-day SMA at $2,680 Gold now buy 2666 Support 2675 Support 2685

JohnHarry_7 Updated 

Gold price retreats after touching a one-and-half-week top earlier this Wednesday and drops to a fresh daily low, below the $2,630 level heading into the European session. A goodish pickup in the US Treasury bond yields, bolstered by bets for a less aggressive policy easing by the Fed, revives the USD demand and undermines demand for the non-yielding yellow metal....

JohnHarry_7 Updated 

Gold could run into sellers at $2,655 on the road to recovery The immediate resistance is seen at the $2,630 round number, above which a strong topside barrier aligns at the 50-day Simple Moving Average (SMA) at $2,655. Gold now buy 2618 Support 2632 Support 2651 Resistance 2602 Resistance 2590

JohnHarry_7

GBP/USD tapped multi-month lows at the 1.2600 handle last Friday, in a complete reversal of the pair’s multi-year highs set in September of this year. The pair shed 6.25% top-to-bottom from September’s peak at 1.3434, and a near-term bullish bounce could see a fresh round of short positions collecting between 1.2700 and 1.2800. Gbpusd signal

JohnHarry_7 Updated 

Gold price gains some positive traction but stays below $2,600 early Monday, snapping a six-day losing streak. Russia-Ukraine geopolitical risks benefit the safe-haven metal amid a subdued US Dollar demand. Bets for less aggressive Fed rate cuts and elevated US bond yields cap further gains. Gold now buy 2583 Support 2593 Support 2603

JohnHarry_7 Updated 

Gold trades little changed on Friday, holding steady in the $2,560s after making a slight recovery from the two-month lows reached on the previous day. A stronger US Dollar continues to put pressure on Gold since it is mainly priced and traded in the US currency. Gold sell support 2536 Support 2518 Support 2491 Support 2473 Resistance 2585 Resistance 2601

JohnHarry_7 Updated 

Gold price bounced off the important support at $2,641, which is the confluence of the 50-day Simple Moving Average (SMA) and the 78.6% Fibo level of the latest record rally from the October 10 low of $2,604 to the new all-time high of $2,790. Gold now sell 2685 Support 2660 Support 2630 Resistance 2705

JohnHarry_7

Gold price is seeing a dead cat bounce from three-week lows of $2,644 in Asian trading on Thursday, as the dust settles in the aftermath of a massive sell-off, fuelled by Republican candidate Donald Trump’s victory in the US presidential race. Gold now sell 2660 Support 2630 Support 2595

JohnHarry_7

Gold extends it daily slide to the $2,700 area as markets reacted to Donald Trump's victory in the presidential election. The benchmark 10-year US Treasury bond yield rises more than 4% on the day, forcing XAU/USD to stretch lower. Gold now buy 2706 Support 2720 Support 2730

JohnHarry_7

GBP/USD offers its recent gains registered in the previous session, trading around 1.2940 during the Asian hours on Wednesday. The pair depreciates as the US Dollar gains momentum on strengthening Trump trades as the voting favored Republican candidate Donald Trump in the US presidential election The Relative Strength Index (RSI) indicator on the 4-hour chart...

JohnHarry_7

From a technical perspective, last week's failure near the top boundary of an ascending channel extending from late July and the subsequent pullback from the all-time peak could be seen as a sign of bullish exhaustion. However, mixed oscillators on the daily chart warrant some caution before positioning for further losses. Hence, any further decline is more likely...

JohnHarry_7

Gold buyers need to reclaim the $2,746 resistance on a daily closing basis to resume its uptrend. That level is the 23.6% Fibonacci Retracement (Fibo) level of the latest record rally from the October 10 low of $2,604 to the new all-time high of $2,790. Gold now buy 2739 Support 2752 Support 2758

JohnHarry_7

Gold buyers need to reclaim the $2,746 resistance on a daily closing basis to resume its uptrend. That level is the 23.6% Fibonacci Retracement (Fibo) level of the latest record rally from the October 10 low of $2,604 to the new all-time high of $2,790. Gold now buy 2739 Support 2752 Support 2758

JohnHarry_7

Bitcoin could experience a price pullback in the next few days ahead of the US presidential election, analysts say, an event that will be key to determining whether and how the crypto class will be regulated in the years to come.