Gold, US Treasury Yields, Summary of Economic Projections, FOMC – Talking Points:The recovery in gold prices hangs in the balance as attention turns to the upcoming FOMC meeting. An upwardly revised Fed Funds dot plot could trigger extens ...
GOLD vs BITCOIN. Who Will Win?
I found XAUBTC chart interesting. Here is why.XAUBTC has been bearish for a while. HOWEVER…
We can clearly see that the impulse movements are getting smaller and flatter. (as shown by the angles highlighted in blue)
Gold Price News and Forecast: XAU/USD slides below $1730 level, erases Tuesday’s modest gains
Gold staged a goodish rebound from eight-month lows touched earlier on Tuesday and finally settled with modest gains for the first time in six sessions. Given that the recent violent selloff in the US bond market has eased, slightly oversold conditio ...
Gold Price Analysis: Bears engaging below firm resistance, targetting $1,750
Between the 61.8% Fibo / 50% mean reversion and the confluence of old support has proven to be a firm resistance. Gold is now firmly back into the hands of the bears targeting $1,750.As per the prior analysis, Gold Price Analysis: Bulls ...
Gold Price Forecast: XAU/USD correction seems unstoppable as $1,780 beckons
Gold continues to suffer under a stronger US dollar. XAU/USD has lost the 50 SMA crucial support, risking declines towards $1,780. Recovery will come into play if gold settles above the 23.6% Fibonacci level.Gold has recently been rej ...
Gold Price Analysis: XAU/USD holds steady, flat-lined around $1855 region
Gold struggled for a firm direction and remained confined in a range on Tuesday. A goodish pickup in the USD demand capped any meaningful upside for the metal. Weaker risk sentiment, sliding US bond yields extended support to the commo ...
Gold Price Prediction: XAU breakdown to $1,800 seems imminent
Gold futures market suffered for another week as the US dollar gained. XAU/USD might revisit $1,800 if the short term support at $1,820 fails to hold in the coming week.Gold experienced intense selling pressure in the concluded trading we ...
Gold Price Analysis: XAU/USD bears waiting to pounce
Gold meets a critical resistance area for a compelling case to the downside. A significant pullback could now be on the cards to correct recent rally. The price of gold has shot higher and meets the bearish commitments at a critical junc ...
Gold Price Analysis: XAU/USD extends daily rally beyond $1,940
XAU/USD is up more than 2% on Monday. Technical breakout seems to have attracted gold bulls. Correction could be on the cards before further upside.The XAU/USD pair opened sharply higher on the first day of 2021 and preserved its bull ...
Gold Price Analysis: XAU/USD steadily climbs back to $1870 level, fresh session tops
Renewed USD selling bias assisted gold to regain positive traction on Wednesday. A goodish rebound in the US equity markets might keep a lid on any strong gains. Bulls might now wait for a sustained move beyond $1885 before placing fre ...