JohnHarry_7

JohnHarry_7

The daily chart for XAU/USD offers a neutral-to-bullish stance, with the pair still meeting intraday buyers around a bullish 20 Simple Moving Average (SMA). Technical indicators, in the meantime, lack directional strength, with the Momentum indicator stuck around its 100 line and the Relative Strength Index (RSI) indicator consolidating at around 58. Finally, the...

JohnHarry_7

Gold price (XAU/USD) attracts some sellers for the second straight day on Monday and lanugishes below the $2,500 psychological mark through the Asian session. Gold now sell Support 2470 Resistance 2510

JohnHarry_7

Gold came within a touching distance of a new all-time high near $2,530 as US Treasury bond yields turned south on disappointing US jobs data. The US Dollar's resilience amid a souring risk mood, however, caused XAU/USD to erase its daily gains. From a technical perspective, momentum beyond the $2,524-2,525 immediate hurdle will be seen as a fresh trigger for...

JohnHarry_7

The yellow metal’s price looks poised to rebound to the $2,531 all-time high if it can keep up the bullish recovery momentum. An upside target for Gold, which has not yet been reached, sits at $2,550 and remains active. The target was generated after the original breakout from the July-August range on August 14. Gold now buy Support 2540 Resistance 2500

JohnHarry_7

Gold Price: Current Pricing, Prices Chart & Rate Graph Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's...

JohnHarry_7

Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....

JohnHarry_7

Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....

JohnHarry_7

Gold trades about half a percent higher in the $2,510s on Thursday, gaining a lift from data showing demand from China increased in July – its first month of gains since March 2024. The short-term technical outlook for Gold price remains more or less the same, with a fresh push higher in the offing while above the triangle resistance-turned-support at...

JohnHarry_7

Gold consolidates before a sustained break above $2,530 Gold price has returned to the red but remains within this week’s familiar range above $2,500 early Wednesday. Gold price replicates the negative action seen during Tuesday’s Asian session, awaiting speeches from US Federal Reserve policymakers for fresh hints on the interest-rate outlook. Gold buyers need...

JohnHarry_7

Gold needs acceptance above $2,530 for a fresh uptrend Gold price has entered a phase of upside consolidation above $2,500, as buyers await fresh catalysts for a fresh leg higher. The focus now shifts to the mid-tier US housing and sentiment data, as the Middle East tensions seem to ease. Gold now buy 2508 Support 2520 Support 2530 Resistance 2500 Resistance 2490

JohnHarry_7

Gold (XAU/USD) trades up into the $2,520s on Monday, as a combination of safe-haven demand sparked by rising geopolitical tensions in the Middle East, and increased confidence US interest rates will track lower in the medium-to-long term, make the non-interest paying asset more attractive to investors. Gold buyers need to recapture the record high of $2,532 to...

JohnHarry_7

Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....

JohnHarry_7

Gold Price: Current Pricing, Prices Chart & Rate Graph Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's...

JohnHarry_7

GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...

JohnHarry_7

Gold stays under modest bearish pressure and trades near $2,500 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield is up more than 1% on the day ahead of US PMI data, making it hard for XAU/USD to hold its ground. Conversely, should Gold buyers recapture the record high of $2,532, the next relevant topside target is seen at...

JohnHarry_7

Gold price is on the front foot above $2,510 in Wednesday’s Asian trading, consolidating the previous upsurge to a new all-time high of $2,532. Gold traders take account of broad risk-aversion and refrain from placing fresh bets ahead of the Minutes of the US Federal Reserve July meeting due later on Wednesda Gold remains poised to test $2,550, with eyes on Fed...

JohnHarry_7

If the new record high of $2,510 is reclaimed on a sustained basis, the next relevant topside target is seen at the $2,550 level. Acceptance above the latter could challenge the $2,600 round level en route to the triangle target, measured at $2,660. In light of the dovish Fed expectations, Gold price rallied to a fresh record high of $2,509 on Friday, further...

JohnHarry_7

Gold retreats after setting a new record high of $2,500 Gold stages a technical correction and trades below $2,490 after setting a new record high of $2,500 earlier in the day, boosted by falling US Treasury bond yields. Profit-taking could ramp up the volatility heading into the weekend. Gold is pulling back from the range ceiling it was pushing up against for...