floellasethpro2509

floellasethpro2509 Updated 

Gold prices have recently consolidated their upward momentum, reaching $1,971 in early Wednesday's Asian session. Weakening-than-expected US inflation and a decline in US Treasury bond yields have fueled demand for the precious metal. Additionally, escalating geopolitical tensions are driving a safe-haven rush. The daily chart for XAU/USD illustrates a sharp...

floellasethpro2509 Updated 

Gold saw positive momentum in early Asian trading on Monday, supported by a stronger US dollar. However, potential rises in US treasury bond yields may limit further gains. Currently at $1,940, XAU/USD has a 0.22% daily increase. The daily chart shows attempts to surpass the 23.6% Fibonacci retracement, but with lower highs and lows under the 20-day SMA....

floellasethpro2509

Gold faced a sharp decline on Friday, triggering rapid price action into bearish territory, marked by a rejection from the 50-hour Simple Moving Average (SMA) at $1,965. XAU/USD closed the week with a complete downward trajectory, experiencing minimal support bids. The rejection from the 200-hour SMA early on Monday contributed to nearly a 3% weekly decline. On...

floellasethpro2509 Updated 

Gold broke a three-day decline at the start of the Asian session on Friday. Rising geopolitical tensions in the Middle East are boosting safe-haven assets like gold, despite higher yields on U.S. Treasury bonds. The XAU/USD price is hovering around $1,958, showing a 0.03% increase for the day. In the short term, on the 4-hour chart, XAU/USD has encountered sellers...