JohnHarry_7

JohnHarry_7

Gold recovers some lost ground and trades slightly above $2,750 on Friday. The uncertainties surrounding the US presidential election and the ongoing geopolitical tensions in the Middle East provide some support to the precious metal as focus shifts to key US data. Gold now sell 2753 Support 2730 Support 2720

JohnHarry_7

Gold stays in a consolidation phase after setting a new record-high of $2,790. US political jitters and Middle East tensions might continue to act as a tailwind for the XAU/USD. Traders keenly await the release of the US PCE Price Index before placing fresh directional bets. Gold now buy 2780 Support 2790 Support 2795

JohnHarry_7

Gold price (XAU/USD) has stretched to fresh record highs on Wednesday, favored by a combination of higher demand for safe-haven assets amid the US political uncertainty and retreating US Treasury yields. Gold sell 2780 Support 2770 Support 2763

JohnHarry_7

From a technical perspective, acceptance above the $2,750 supply zone could be seen as a fresh trigger for bullish traders. The subsequent move up could lift the Gold price beyond the all-time peak, around the $2,759 region, towards testing a nearly four-month-old ascending trend-line resistance near the $2,770-2,775 region. The momentum could extend further...

JohnHarry_7

Gold is having a hard time building on Friday's gains and trades in a narrow band below $2,750 on Monday. Nevertheless, safe-haven demand stemming from Middle East tensions and US election jitters help XAU/USD limit its losses. Confirm signal

JohnHarry_7

Gold stays in a consolidation phase and fluctuates in a relatively tight range below $2,750 on Friday. US Treasury bond yields stabilize in the American session, making it difficult for XAU/USD to gather directional momentum. From a technical perspective, the recent price action over the past week or so constitutes the formation of a bearish head and shoulders...

JohnHarry_7

Bitcoin (BTC) trades slightly down at around $67,500 on Friday after finding support around the $66,000 level on Wednesday, following three consecutive days of decline earlier in the week. While prices are down around 2% this week until Friday, the technical outlook suggests a bullish bias for BTC, projecting a new all-time high of $78,900 in the short-term. Confirm

JohnHarry_7

Gold price meets with some supply on Friday and erodes a part of the previous day's gains amid the emergence of US Dollar (USD) dip-buying, bolstered by expectations for a less aggressive policy easing by the Federal Reserve. Gold now sell 2723 Support 2713 Support 2695

JohnHarry_7

Gold price (XAU/USD) builds on its steady intraday ascent and climbs to the $2,736-$2,737 area heading into the European session, reversing a part of the previous day's retracement slide from the record high. From a technical perspective, the overnight breakdown below a short-term ascending trend-channel support could be seen as a fresh trigger for bearish...

JohnHarry_7

On the flip side, any subsequent slide is likely to find decent support near the $2,725 area, representing the lower end of the aforementioned trend channel. A convincing break below the latter might prompt some technical selling and drag the Gold price to the $2,700 mark en route to the $2,680-2,675 support. The latter is near the 100-period Simple Moving Average...

JohnHarry_7

Meanwhile, any corrective slide now seems to find some support near the $2,720 region. This is closely followed by the lower end of the aforementioned channel, currently pegged near the $2,710 area, which if broken decisively should pave the way for deeper losses. The subsequent fall could drag the Gold price below the $2,700 mark, towards the $2,685 support. The...

JohnHarry_7

Gold price scales higher for the fifth straight day – also marking the seventh day of a positive move in the previous eight – and touches a fresh record high, around the $2,732-2,733 region on the first day of a new week. From a technical perspective, last week's sustained strength and close above the $2,700 mark could be seen as a fresh trigger for bullish...

JohnHarry_7

Gold plants flag above fresh all-time high at $2,700 on increased prospects of global easing Gold (XAU/USD) establishes a foothold above the $2,700 psychological level on Friday after piercing through above this level on the previous day, setting yet another fresh all-time high. Gold now sell 2710 Support 2700 Support 2695

JohnHarry_7

On the flip side, the $2,662-2,660 horizontal zone now seems to act as an immediate support ahead of the $2,647-2,646 area. A convincing break below the latter might prompt some technical selling and drag the Gold price to the $2,630 intermediate support en route to the $2,600 neighborhood. Gold now sell 2680 Support 2672 Support 2666 Resistance 2690

JohnHarry_7

Gold price scales higher for the second straight day on Wednesday – also marking the fourth day of a positive move in the previous five – and climbs a three-week high, around the $2,677-$2,678 region heading into the European session. Gold now sell 2679 Support 2670 Support 2664

JohnHarry_7

On the flip side, weakness below the $2,632-2,630 immediate support is likely to attract some buyers and remain limited near the $2,600 round-figure mark. Failure to defend the said handle will be seen as a fresh trigger for bearish traders and make the Gold price vulnerable to accelerate the fall towards the next relevant support near the $2,560 zone. The...

JohnHarry_7

Gold price attracts some dip-buying on the first day of a new week and trades near a one-week top, around the $2,660 region heading into the European session. The US PPI pointed to a favorable inflation outlook and suggested that the Fed will cut interest rates further. Any subsequent slide is likely to find some support near the $2,632-2,630 region, below...

JohnHarry_7

Gold price attracts some follow-through buying for the second straight day on Friday and recovers further from a nearly three-week low, around the $2,602 area touched the previous day. Gold price remains below $2,650, bulls not giving up Gold now sell 2655 Support 2645