Prince00991

Prince00991 Updated 

Gold price broke below its daily trading range and touched its lowest level since early March near $1,810 before recovering toward $1,820. The benchmark 10-year US Treasury bond yield is up more than 2% on the day following the impressive labor market data, not allowing XAU/USD to gain traction.

Prince00991 Updated 

Gold price is holding the renewed upswing, snapping an eight-day losing streak so far this Thursday. Gold price is capitalizing on the US bond market relief, although awaits a fresh batch of US economic data for extending the recovery. The US Treasuries rallied hard, as the bond market was rescued by a 5% sell-off in Oil prices, weak US ADP jobs data and the ISM...

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The Relative Strength Index (RSI) on the daily chart is flashing extremely oversold conditions and makes it prudent to wait for some near-term consolidation or a modest bounce before positioning for a further depreciating move. The lack of firm buying interest, meanwhile, validates the near-term negative outlook for the XAU/USD. Hence, some follow-through weakness...

Prince00991 Updated 

Despite holding resilient in the face of a hawkish Federal Reserve outlook in the previous week, Gold price suffered heavy amid broad-based US Dollar (USD) strength and surging US Treasury bond yields. XAU/USD staged a modest rebound on Friday but ended up losing more than 2% for the week. ...

Prince00991 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...

Prince00991 Updated 

From a technical perspective, the Relative Strength Index (RSI) on the daily chart is flashing oversold conditions and makes it prudent to wait for some near-term consolidation or a modest bounce before positioning for any further losses. That said, the overnight swing high, around the $1,880 region, is likely to act as an immediate strong barrier. A sustained...

Prince00991 Updated 

Gold price (XAU/USD) enters a bearish consolidation phase on Thursday and oscillates in a narrow trading band near its lowest level in more than six months touched the previous day. The prevalent risk-off environment, amid worries about China's ailing property sector and a looming US government shutdown, turns out to be a key factor lending some support to the...

Prince00991 Updated 

Gold price (XAU/USD) has been trending lower after facing rejection near the very important 200-day Simple Moving Average (SMA) last week and continues losing ground for the third successive day on Wednesday. This also marks the sixth day of a negative move in the previous seven and drags the commodity to its lowest level since August 22, around the $1,895 region...

Prince00991 Updated 

Gold price fluctuates in the lower half of its daily range slightly above $1,910 on Tuesday. The benchmark 10-year US Treasury bond yield is down more than 1% on the day, allowing XAU/USD to limit its losses ahead of mid-tier US data releases. Gold Buy : 1906 ...

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Gold price is holding lower ground near $1,925 in the European session on Thursday. Investors seem to shift their focus on upcoming US data after the US Federal Reserve's hawkish hold on Wednesday triggered a fresh US Dollar rally. Gold Sell From 1925 ...

Prince00991 Updated 

Gold price remains capped below the critical support-turned-resistance at $1,926, where the 21- and 200-Daily Moving Averages (DMA) coincide. On Friday, Gold price managed to pierce through the latter to challenge the bearish 50 DMA at $1,929 but failed to find any acceptance, as Gold sellers re-emerged. GOLD BUY 1923 ...

Prince00991 Updated 

Gold price (XAU/USD) struggles to find a direction as investors remain uncertain about the interest rate peak after the Federal Reserve’s (Fed) monetary policy announcement on Wednesday. The precious metal trades inside Thursday’s range as the upside is restricted due to the US economic resilience, which has been keeping expectations alive over one more interest...

Prince00991 Updated 

The US Dollar is correcting from six-month highs against its major peers, as the Bank of Japan’s (BoJ) steady policy provided a sense of calm, lifting the overall market mood. Investors’s sentiment was dented by the US Federal Reserve’s (Fed) hawkish stance, which suggested a ‘higher for longer’ interest rate view. The BoJ maintained its ultra-easy monetary...

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Gold price is off the two-week high at $1,937, treading water near $1,930 on Wednesday, as buyers eagerly await the US Federal Reserve (Fed) interest rate decision for resuming the recent uptrend. Gold Buy : 1930 ...

Prince00991 Updated 

Gold price resumes its three-day winning spell as the Fed is expected to keep the monetary policy unchanged on Wednesday. The precious metal is at a two-week high at around $1,935.00 after discovering buying interest near the 200-day Exponential Moving Average (EMA), which trades at around $1,910.00. The yellow metal has climbed above the 20-day and 50-day EMAs,...

Prince00991 Updated 

EUR/USD lost its recovery momentum and declined below 1.0700 in the American session on Tuesday. Disappointing housing data from the US weighed on the market sentiment, helping the US Dollar stage a rebound and causing the pair to start pushing lower.

Prince00991 Updated 

GBP/USD gained traction and briefly rose above 1.2400 in the European session on Monday. With the cautious market mood ahead of this week's key central bank events helping the USD hold its ground, however, the pair is having a hard time gathering recovery momentum.

Prince00991 Updated 

Gold price continues with its struggle to make it through the $1,930 resistance zone and pulls back from a one-week high touched earlier this Monday. The XAU/USD, however, manages to hold in the positive territory for the second successive day and trades around the $1,925 region, up just over 0.10% during the first half of the European session. ...