mark_115

mark_115 Updated 

Market participants might also prefer to wait on the sidelines ahead of China inflation data and the G20 leaders summit over the weekend. Hence, some follow-through buying is needed to confirm that the recent pullback from a one-month peak, around the $1,953 area touched last Friday, has run its course. Bears, on the other hand, might still wait for a sustained...

mark_115 Updated 

Gold Price prods the lower end of the short-term trading range while fading the bearish bias after five-day losing streak. That said, the XAU/USD remains within a strong trading range between $1,935 and $1,915 despite falling in recent days. That said, the middle band of the Bollinger on one-day joins Fibonacci 38.2% on one-month to highlight $1,915 as the key...

mark_115 Updated 

Alternatively, Gold price will need to recapture the 50 DMA support-turned-resistance at $1,932 on a daily closing basis to make another run toward the 100 DMA hurdle at $1,952. Further up, the static resistance of $1,970 and the July 27 high of $1,982 will challenge the Gold price recovery. Gold buy now 1926 Target 1930 Target 1940 Target 1950

mark_115 Updated 

In a case where the Gold Price remains bearish past $1,930, the 200-day SMA, the middle band of the Bollinger and Fibonacci 38.2% on one-month, close to $1,915 by the press time, will act as the last defense of the XAU/USD buyers. Alternatively, a convergence of the Fibonacci 38.2% on one-day and the middle band of the Bollinger on 4H, close to $1,945, guards...

mark_115 Updated 

Gold price turned north and rose to its strongest level in a month above $1,950 after US jobs report but retreated to the $1,940 area later in the American session. The benchmark 10-year US Treasury bond yield stays in positive territory above 4.1%, weighing on XAU/USD heading into the weekend. Next target 1970

mark_115 Updated 

Gold price (XAU/USD) remains calm before the US Nonfarm Payrolls (NFP) and ISM Manufacturing PMI data for August, which will set an undertone for the Federal Reserve’s (Fed) interest-rate decision to be taken on September 20. Fed Chair Jerome Powell at the Jackson Hole Symposium that further policy action will depend on incoming data and cited that inflation has...

mark_115 Updated 

On the flip side, the upper band of the Bollinger on the daily chart and Pivot Point one-day R1 restricts the immediate upside of the Gold Price near $1,950. More importantly, the 100-DMA and Pivot Point one-day R2, close to $1,957–58, appears a tough nut to crack for the XAU/USD bulls before rushing towards the Fibonacci 23.6% on one-month surrounding...

mark_115 Updated 

On the other hand, the announcement of China’s stimulus measure lifts investors' confidence and boosts the gold prices. On the weekend, the Chinese authorities said that they would reduce the 0.1% duty on stock trading to stimulate the capital market and strengthen investor confidence. Additionally, the China Securities Regulatory Commission (CSRC) is implementing...

mark_115 Updated 

Gold price looks confident above $1,920.00 as value-buying kicked in on hopes that the interest-rate peak is near. The precious metal climbs above the 20- and 200-day Exponential Moving Average (EMA), which indicates a solid recovery attempt. In spite of this revival move, the yellow metal has to pass through some more filters for a sustained reversal Gold buy...

mark_115 Updated 

Gold price turns sideways around $1,915.00 after defending the crucial support of $1,900.00 as investors digest Powell’s hawkish commentary at the Jackson Hole Symposium. On a broader note, the precious metal is auctioning in a range of $1,904-$1,922 from Thursday. The yellow metal made two consecutive Spinning Top candlesticks, signaling indecisiveness among...

mark_115 Updated 

In a case where the bulls manage to cross the $1,920 hurdle, the Gold Price run-up toward the joint of the Fibonacci 161.8% on one-week, Pivot Point one-day R3 and 200-SMA on four-hour, close to $1,937, can’t be ruled out. Gold buy 1915 Buy limit 1910 Target 1920 Target 1925 Target 1930

mark_115 Updated 

Gold price managed to settle Tuesday above the descending trendline resistance, then at $1,891, as it moved away from multi-month troughs. Gold buyers now need acceptance above the $1,900 round figure to take on the upward-sloping 200-Daily Moving Average (DMA) at $1,909. Gold sell 1916 Target 1911 Target 1906 Target 1900 Sl 1928

mark_115 Updated 

Gold price gains positive traction for the third successive day on Wednesday. Retreating US bond yields undermines the US Dollar and lends some support. China's economic woes further boost demand for the safe-haven XAU/USD. Gold sell 1919 Target 1915 Target 1908 Target 1900 Sl. 1933

mark_115 Updated 

Gold price gains positive traction for the third successive day on Wednesday. Retreating US bond yields undermines the US Dollar and lends some support. China's economic woes further boost demand for the safe-haven XAU/USD. Gold sell 1903 Target 1899 Target 1890 Target 1887 Sl. 1915

mark_115 Updated 

Our Technical Confluence indicator suggests the sluggish recovery of the Gold Price even as it recently poked the mid-tier resistance confluence surrounding $1,895 comprising Fibonacci 38.2% on one day, 100-HMA and the middle band of the Bollinger on the hourly chart. However, a convergence of the Fibonacci 38.2% on one-week and the upper band of the Bollinger on...

mark_115 Updated 

Gold price gains some positive traction on Friday and for now, seems to have snapped a four-day losing streak to its lowest level since March 13, around the $1,885 region touched the previous day. The XAU/USD maintains its bid tone through the early part of the European session and currently trades just above the $1,890 level, up around 0.30% for the day. The...

mark_115 Updated 

Gold price clings to small gains above $1,890 on Friday as the benchmark 10-year US Treasury bond yield loses more than 1% following this week's impressive upsurge. In the absence of high-tier data releases, market participants could refrain from taking large positions. Gold sell 1894 Target 1890 Target 1885 Target 1880 Sl. 1904

mark_115 Updated 

Gold price recovered its losses registered on Wednesday, currently trying to hold the ground near the $1,900 per troy ounce during the early trading hours in the European session on Thursday. Gold sell 1898 Target 1894 Target 1890 Target 1880 Sl. 1909