JohnHarry_7

JohnHarry_7 Updated  Jan 6

Gold shed some ground on Friday after rising more than 1% on Thursday. The benchmark 10-year US Treasury bond yield trimmed pre-opening losses and stands at around 4.57%, undermining demand for the bright metal. Market players await next week's first-tier data Gold price trades near $2,660.00 per troy ounce on Friday, with the daily chart signaling an emergence...

JohnHarry_7 Updated  Jan 3

Gold price reverses earlier gains and returns to the red near $2,650 in Friday's European trading. US President Biden discussed contingency plans to strike Iran’s nuclear facilities, which helped Gold price sustain its upswing. But sellers returned amid profit-taking ahead of top-tier US PMI data. Xauusd sell 2654 Support 2630 Support 2620

JohnHarry_7 Updated  Jan 2

Gold price rises for the third consecutive session on Thursday, following a more than 27% increase in 2024, marking its best performance since 2010. This upward momentum has been driven by US monetary easing, persistent geopolitical tensions, and record central bank purchases. Xauusd sell 2636 Support 2620 Target 2612 Small sell Risk sell

JohnHarry_7 Jan 1

USD/JPY extends its losses for the third consecutive session on New Year’s Eve, trading around 156.20 during early European hours on Tuesday. However, the Japanese Yen (JPY) is headed for a decline of over 10% in 2024, marking its fourth straight year of weakening against the US Dollar (USD) On the upside, the USD/JPY pair may retest its monthly high of 158.08,...

JohnHarry_7 Updated  Dec 31, 2024

After posting losses for two consecutive days, Gold found support near $2,600 and staged a rebound early Tuesday. As investors refrain from taking large positions ahead of the New Year Day holiday, XAU/USD clings to daily gains at around $2,620. Gold now buy 2611 Support 2640

JohnHarry_7 Updated  Dec 30, 2024

Gold price trades near $2,620.00 on Monday, with the daily chart indicating a consolidation phase as the metal moves sideways near the nine- and 14-day Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) hovers just below the 50 mark, reflecting a neutral sentiment. A decisive move above 50 could signal increased buying interest in the...

JohnHarry_7 Dec 27, 2024

The Pound Sterling (GBP) weakened against its major counterparts as expectations grew for a dovish policy stance from the Bank of England (BoE) in the coming year. In December, the UK central bank held its key interest rate steady at 4.75%, but a surprising split vote—where three policymakers supported rate cuts—hinted at a potentially faster pace of easing in...

JohnHarry_7 Updated  Dec 27, 2024

Gold enters a consolidation phase and trades below $2,630 on Friday after closing in positive territory on Thursday. The risk-averse market atmosphere helps XAU/USD limit its losses as investors refrain from taking large positions heading into the end of the holiday-shortened week. Gold now buy 2625 Support zone 2650 Small sell The 14- and nine-day EMAs at...

JohnHarry_7 Updated  Dec 26, 2024

Gold trades in a narrow channel above $2,600 on Tuesday, albeit lacking strong follow-through buying. Geopolitical tensions and trade war fears lend support to the safe-haven XAU/USD, while the Fed’s hawkish shift acts as a tailwind for the USD and caps the precious metal. Gold confirm signal Gold now sell 2629 Target 2580 From a technical perspective, the...

JohnHarry_7 Updated  Dec 23, 2024

On the flip side, the $2,616-$2,615 region that is deemed as a pullback area, or the 23.6% Fibo. level could offer immediate support. This is followed by the $2,600 round-figure mark, below which the Gold price could retest the monthly swing low, around the $2,583 zone touched last week. Some follow-through selling will be seen as a fresh trigger for bears and set...

JohnHarry_7 Updated  Dec 23, 2024

Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session. Gold now sell 2623 Support 2590 Support 2550 Resistance 2680

JohnHarry_7 Dec 19, 2024

Gold resumes its decline after the early advance and trades below $2,600 early in the American session. Stronger than anticipated US data and recent central banks' outcomes fuel demand for the US Dollar. XAU/USD nears its weekly low at $2,582.93. Gold now sell 2592 Support 2580 Support 2570 Resistance 2600

JohnHarry_7 Updated  Dec 17, 2024

Following Monday's shallow recovery attempt, Gold remains under modest bearish pressure and trades below $2,650 on Tuesday. Growing expectations for a less dovish Fed outlook and elevated US bond yields weigh on XAU/USD ahead of the last FOMC meeting of the year. Gold now buy 2634 Support 2643 Support 2655

JohnHarry_7 Updated  Dec 16, 2024

Gold price (XAU/USD) stages a modest recovery from a one-week trough touched earlier this Monday, albeit it lacks follow-through buying and currently trades around the $2,655 region. Gold now sell 2658 Support 2643 Support 3630

JohnHarry_7 Updated  Dec 13, 2024

XAU/USD fell towards $2,680 and remains under pressure as investors diggest US figures and the European Central Bank monetary policy announcement. Inflation in the US at wholesale levels rose by more than anticipated in November, according to the latest Producer Price Index release. Gold now sell 2685 Support 2670 Support 2660 Resistance 2689 Resistance 2710

JohnHarry_7 Updated  Dec 11, 2024

Gold maintains the upward pressure and hovers around the $2,700 level after the US reported that the November Consumer Price Index rose 2.7% from a year earlier, as expected. Market players drop the USD. Gold now sell 2700 Support 2691 Support 2682 Resistance 2710 Resistance 2715

JohnHarry_7 Updated  Dec 10, 2024

Gold builds on Monday's gains and trades above $2,670 on Tuesday, supported by the renewed optimism about an improving Chinese economic outlook. Meanwhile, the benchmark 10-year US Treasury bond yield stays in positive territory above 4.2%, capping XAU/USD's upside. Gold now sell 2677 Support 2669 Support 2661

JohnHarry_7 Dec 9, 2024

Gold price sticks to its positive bias through the first half of the European session, though it remains below the $2,650-2,655 supply zone and remains confined in a familiar range held over the past two weeks or so. The USNFP report released on Friday reaffirmed bets that the Fed will lower borrowing costs in December. Gold now sell 2657 Support 2645 Support 2635