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mark_115 Updated 

On the flip side, the $2,000 round figure, followed by the multi-month top, around the $2,005 area touched last Friday, now seems to act as immediate hurdles. A sustained strength beyond should pave the way for an extension of a three-week-old bullish trend and lift the Gold price to the next relevant barrier near the $2,022 region. Gold now buy 1998 Target...

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Gold stabilizes near $2,000 following earlier correction Gold staged a downward correction following last week's rally and declined toward $1,990 early Monday. With the US Dollar coming under renewed selling pressure, however, XAU/USD reversed its direction and advanced toward $2,000, erasing a large portion of its daily losses in the process. Gold now buy...

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Gold falls to $1,980 area as USD gathers strength Gold lost its traction and fell toward $1,980 after testing $1,990 earlier in the day. The benchmark 10-year US Treasury bond yield clings to modest gains above 4.85%, helping the US Dollar find demand and making it difficult for XAU/USD to gather bullish momentum. Gold now buy 1982 Target 1986 Target...

mark_115 Updated 

On th flip side, the Asian session low, around the $1,980 level, now seems to protect the immediate downside ahead of the $1,971-1,970 region. Some follow-through selling might expose the weekly trough, around the $1,953-1,952 zone touched on Tuesday. The latter represents a strong horizontal resistance breakpoint and should act as a key pivotal point. A...

mark_115 Updated 

From a technical perspective, any subsequent move up is likely to confront some resistance near the weekly high, around the $1,982-1,983 region. Some follow-through buying should allow the Gold price to make a fresh attempt to conquer the $2,000 psychological mark. The subsequent move up has the potential to lift the XAU/USD further towards the next relevant...

mark_115 Updated 

Fundamental Overview The US Dollar Index (DXY) continues its four-day losing streak, hovering around 105.50. After peaking at 5.02%, the 10-year Treasury yield swiftly reversed course, dropping to 4.84% in the latest update. If US bond yields continue to decline, the US Dollar would be kept lower, which could provide support for Gold prices to reach the $2,000...

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Gold price recovers after a corrective move to near $1,970.00 and is expected to recapture the five-month high near $2,000.00. The precious metal recorded significant gains for two weeks. A bull cross, represented by the 20 and 50-day Exponential Moving Averages (EMAs), warrants more upside ahead. Momentum oscillators shift into the bullish range, indicating that...

mark_115 Updated 

From a technical perspective, this week's break above the 200-day SMA and a subsequent move beyond the $1,947-1,948 supply zone favour bullish traders. That said, the Relative Strength Index (RSI) on hourly charts is flashing overbought conditions and makes it prudent to wait for some near-term consolidation before the next leg up. Nevertheless, the Gold price...

mark_115 Updated 

Gold price lacks bullish conviction amid a further rise in US bond yields, ahead of Powell Gold price gained strong positive traction on Wednesday and shot to its highest level since early August above $1,960 in the wake of the risk of an escalation in the Middle East conflict. Early Thursday, XAU/USD consolidates its gains near $1,950. Gold now buy 1951 Target...

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Gold price looks set for more upside moves as Israel-Palestine conflict escalates Gold price aims to extend upside as Israel-Palestine conflict deepens. The US Dollar consolidates, shrugging off robust US Retail Sales data for September.. 10-year US Treasury yields rose to 4.85% on rising expectations of one more interest rate increase from the Fed. Gold now buy...

mark_115 Updated 

Gold price (XAU/USD) rallied to over a three-week high, around the $1,932-1,933 area on Friday in the wake of the intensifying Israel-Hamas conflict, which forced investors to take refuge in traditional safe-haven assets. Apart from this, expectations that the Federal Reserve (Fed) is nearing the end of its rate-hiking cycle provided an additional boost to the...

mark_115 Updated 

From a technical perspective, momentum beyond the overnight swing high, around the $1,865-1,866 region, has the potential to lift the XAU/USD to the next relevant hurdle near the $1,885 region. This is closely followed by the $1,900 round figure, which nears the 50-day Simple Moving Average (SMA) and should now act as a key pivotal point. Some follow-through...

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Gold price oscillates in a range near one-week peak, positive risk tone caps gains Gold price advances to over a one-week high during the Asian session on Tuesday. Geopolitical tensions in the Middle East and retreating US bond yields lend support. A positive risk tone caps gains as traders look to the FOMC minutes and the US CPI. Gold now sell 1857 Sell limit...

mark_115 Updated 

Gold clings to strong daily gains near $1,850 Gold price started the new week with a bullish gap and climbed to the $1,850 area as investors reacted to escalating geopolitical tensions amid the reignited Israel-Hamas conflict. US bond markets will remain closed in observance of the Columbus Day holiday. Set gold price Gold sell now 1851 Target 1940 Target...

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Gold price reverses modest uptick, bears regain control ahead of US NFP Gold price struggles to capitalize on its modest intraday positive move to the $1,825 area on Friday. Bets for more Fed rate hikes in 2023, elevated US bond yields and a bullish USD continue to weigh. Traders now look forward to crucial US NFP for a fresh directional impetus. Gold now sell...

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Gold price (XAU/USD) extends its consolidative price move through the first half of the European session on Wednesday and remains confined in a narrow trading band just above a near seven-month low touched the previous day. The lack of any buying interest, meanwhile, suggests that the recent downfall witnessed over the past two weeks or so is still far from being...

mark_115 Updated 

Gold price dives to its lowest level since March on higher Fed rate outlook Gold has been trending lower after the Fed warned that sticky inflation was likely to attract at least one more interest rate hike in 2023. The downward trajectory remains uninterrupted for the seventh successive day on Tuesday nband drags XAU/USD to the $1,815 Gold now sell 1827 Sell...

mark_115 Updated 

Gold price (XAU/USD) settled deep in the red on Friday to end September down over 4.5% and lower for the second quarter in a row. The yellow metal also recorded its biggest weekly decline in more than two years and continues to be weighed down by growing acceptance that the Federal Reserve (Fed) will keep interest rates higher for longer. The US central bank...