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mark_115 Updated 

Gold price (XAU/USD) flirts with the crucial support of $1,900 as investors await the Federal Open Market Committee (FOMC) minutes to attain guidance about inflation and the interest-rate peak. The precious metal continues to find offers from market participants as the US Dollar and Treasury yields strengthen due to the resilience of the US economy, which...

mark_115 Updated 

On the flip side, the $1,910 area is likely to act as an immediate hurdle ahead of the overnight swing high, around the $1,916 zone. The subsequent move up could lift the Gold price beyond the $1,925 intermediate resistance, towards the $1,934-$1,935 resistance and the $1,942 supply zone. A sustained strength beyond the latter might trigger a short-covering rally...

mark_115 Updated 

Gold defends 200-day EMA amid risk-aversion, bearish bias remains Gold enters a bearish consolidation phase and seesaws between tepid gains/minor losses just above the $1,910 level, or the lowest since July 7 touched during the Asian session. The fundamental backdrop seems tilted in favour of bearish traders. Gold sell zone 1915 Sell limit 1920 Target 1910 Target 1903

mark_115 Updated 

Gold price finds temporary support near the fresh monthly low of $1,916. The precious metal looks vulnerable and is expected to continue its downside move. After remaining consistently below the 20 and 50-day Exponential Moving Averages (EMAs), the yellow metal is declining toward the 200-day EMA around $1,907.00. Momentum oscillators are near the support region...

mark_115 Updated 

Gold price finds temporary support near the fresh monthly low of $1,916. The precious metal looks vulnerable and is expected to continue its downside move. After remaining consistently below the 20 and 50-day Exponential Moving Averages (EMAs), the yellow metal is declining toward the 200-day EMA around $1,917.00. Momentum oscillators are near the support region...

mark_115 Updated 

Gold price rebounds as Greenback drops amid neutral Fed policy guidance Gold price capitalizes on correction in the US Dollar propelled by positive market sentiment. The precious metal rebounds as Fed policymakers anticipate that interest rates by the central bank have peaked for now. Gold sell zone 1926 Target 1920 Target 1917 Gold buy zone 1917 Target 1930 Target 1940

mark_115 Updated 

Gold Price remains on the backfoot as it retreats toward a $1,915 support confluence amid a broad US Dollar rebound, as well as mixed mood, ahead of the scheduled inflation clues from the US, China, Australia and New Zealand. Gold sell 1930 Target 1925 Target 1920 Target 1915 Sl1940

mark_115 Updated 

Above all, the middle band of Bollinger on one-day, Fibonacci 61.8% on one-week and 38.2% on one-month appear a tough nut to crack for the Gold buyers near $1,955. In a case where the XAU/USD remains bullish past $1,955, the $1,960 resistance encompassing Pivot Point one-day R2 will act as the final defense of the bears. Gold buy now from 1934 Target...

mark_115 Updated 

Gold price trades back and forth as investors are sidelined ahead of the US NFP report. The precious metal struggles to deliver a decisive move as the labor market report will set a fresh undertone for the Federal Reserve’s September monetary policy. Gold buy 1932 Target 1940 Target 1950 Target 1960 Sl. 1918

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Gold having good support of 1934-1930 Looking for uptrend after 1930 will back in 1956 level However, the policymakers’ defense of the US Treasury bonds and hopes of witnessing upbeat US economic growth prod the Gold sellers ahead of the mid-tier US data surrounding employment and activities for July. That said, US ISM Services PMI for July and the second quarter...

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Gold retreats below $1,950 after US employment data Gold price declined below $1,950 in the second half of the day on Wednesday. After ADP reported that employment in the private sector rose much more than expected in July, the benchmark 10-year US Treasury bond yield started to edge higher above 4%, causing XAU/USD to stretch lower. If you want to trade Gold...

mark_115 Updated 

Gold have uptrend move Gold extends slide toward $1,940 as US yields push higher Gold price stays on the back foot in the American session on Tuesday and declines toward $1,940. The benchmark 10-year US Treasury bond yield is up nearly 2% on the day above 4% despite weak US data, not allowing XAU/USD to shake off the bearish pressure. Gold buy zone 1940 target...