Stiven770

Stiven770

Gold price defended the rising trendline support at $1,978 on Monday. But sellers have flexed their muscles, teasing an ascending triangle breakdown on the daily chart early Tuesday. If Gold price manages to yield a daily closing below the rising trendline support, now at $1,981, a downside break from the ascending triangle will be confirmed. Immediate cushion...

Stiven770 Updated 

Gold price enjoyed a good two-way price movement on Wednesday, advancing toward the $2,000 mark ahead of the Fed policy announcements, as the US Dollar stalled its recovery mode amid sluggish US Treasury bond yields and a mixed market mood. However, Gold price changed course and tested the $1,970 round figure, in a knee-jerk reaction to the Fed’s policy inaction,...

Stiven770 Updated 

Gold price gains positive traction on Thursday amid sliding US bond yields and a weaker USD. Geopolitical tensions and China’s economic woes also contribute to the intraday positive move. A further rise in equity markets caps any meaningful upside for the safe-haven precious metal. Gold Buy 1987 Tp. 1995 Tp. 2000 Tp. 2005 SL. 1979

Stiven770

Gold price sticks to gains as US Dollar weakens with yields Gold price gains positive traction on Thursday amid sliding US bond yields and a weaker USD. Geopolitical tensions and China’s economic woes also contribute to the intraday positive move. A further rise in equity markets caps any meaningful upside for the safe-haven precious metal. Gold buy 1988 TARGET...

Stiven770 Updated 

Gold rises above $1,990 as US yields turn south Gold gained traction and turned positive on the day above $1,990 in the American session on Wednesday. The benchmark 10-year US Treasury bond yield is down more than 2% on the day below 4.8% ahead of the Fed rate decision, fueling XAU/USD's rebound. GOLD now buy 1975 Target 1979 Target 1983 Target 1990 SL 1965