Fx_Jack17
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Fx_Jack17
Gold sell now 2653Target 2645Target 2620Gold is strong bearish after us session
Fx_Jack17
Gold price reverses earlier gains and returns to the red near $2,650 in Friday's European trading. US President Biden discussed contingency plans to strike Iran’s nuclear facilities, which helped Gold price sustain its upswing. But sellers returned amid profit-taking ahead of top-tier US PMI datGold buy now 2653Target 2700Sl 2643On the upside, the XAU/USD pair may explore the area around the psychological resistance of $2,700.00, followed by the next barrier at its monthly high of $2,726.34Gold buy nowKeep holdGold will spike upTarget first 2664
Fx_Jack17
Gold is ready for fallAcceptance above the 21-day barrier could call for a test of the $2,650 psychological level and the 50-day SMA at $2,655.The next relevant upside target aligns at the $2,700 round level.On the flip side, the immediate support is at the previous resistance of 100-day SMA at $2,624.A daily candlestick close below the latter will negate the recovery momentum, fuelling a fresh downtrend toward the weekly low of $2,596Gold sell.2634Target 2620Target 2600
Fx_Jack17
Btcusd is in strong bearish it will.fall Then it will rise up again H4 candle remains sell D1 candle remain sellMonthly candle will be buy
Fx_Jack17
On the downside, the XAU/USD pair may find its immediate support around the nine- and 14-day EMAs at $2,624.00 and $2,628.00, respectively. A break below these levels could increase selling pressure, potentially pushing Gold toward its monthly low of $2,583.39.
Fx_Jack17
Gold enters a consolidation phase and trades below $2,630 on Friday after closing in positive territory on Thursday. The risk-averse market atmosphere helps XAU/USD limit its losses as investors refrain from taking large positions heading into the end of the holiday-shortened week.
Fx_Jack17
Gold trades in a narrow channel above $2,600 on Tuesday, albeit lacking strong follow-through buying. Geopolitical tensions and trade war fears lend support to the safe-haven XAU/USD, while the Fed’s hawkish shift acts as a tailwind for the USD and caps the precious metal.
Fx_Jack17
Gold struggles to build on Friday's gains and trades modestly lower on the day near $2,620. The benchmark 10-year US Treasury bond yield edges slightly higher above 4.5%, making it difficult for XAU/USD to gather bullish momentum.
Fx_Jack17
Gold resumes its decline after the early advance and trades below $2,600 early in the American session. Stronger than anticipated US data and recent central banks' outcomes fuel demand for the US Dollar. XAU/USD nears its weekly low at $2,582.93.
Fx_Jack17
Gold opens the week on a moderately positive tone and trades above $2,650, favored by a mild US Dollar (USD) reversal amid lower US Treasury yields. The precious metal, however, is still close to recent lows following a 2.5% sell-off late last week.
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