Gold Price Forecast: XAU/USD pokes $1,820 hurdle as United States Treasury bond yields retreat Gold SEO XAUUSD Commodities YieldCurve
Gold price struggles with one-week-old previous support after snapping five-day downtrend on week-start.Hawkish Federal Reserve concerns, overall US Dollar strength amid geopolitical fears, higher rate expectations probe Gold buyers. struggles to defend the week-start rebound around $1,817, flirting with a short-term technical resistance, as the metal traders await more clues amid month-end positioning.
The data triggered the much-needed pullback in the US Treasury bond yields as the benchmark 10-year coupon dropped three basis points to 3.92% after a five-week uptrend while the two-year counterpart followed the suit by retreating from a three-month high to 4.78%.
Moving on, second-tier United States economics, like the Conference Board’s Consumer Confidence and some activity numbers from Chicago and Richmond Given the bullish signals from the Moving Average Convergence and Divergence indicator and the upbeat but not overbought Relative Strength Index line, placed at 14, the XAU/USD is likely to extend the latest rebound past the $1,820 hurdle.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Gold Price Forecast: Strong US Dollar signals XAU/USD fall towards sub-$1,800 zoneGold price (XAU/USD) stays depressed at the lowest levels in two-months after declining in the last five consecutive days, as well as printing four-we
Baca lebih lajut »
Gold Price Forecast: XAU/USD drops towards $1,793 support confluence as US Dollar follows firmer yieldsGold price (XAU/USD) takes offers to refresh two-month low around $1,808 during early Monday. In doing so, the bright metal seems to justify the lates
Baca lebih lajut »
Gold Price Forecast: XAU/USD eyes $1,794 support within a potential falling wedgeGold price is sitting at the lowest level in two months. XAU/USD is primed to test $1,794 amid a Bear Cross, FXStreet’s Dhwani Mehta reports. Daily cl
Baca lebih lajut »
Gold Price Forecast: Strong US data weighs down XAU/USDGold price has opened the week quietly, treading waters above the round $1,800 figure, which is providing immediate support. The bright metal lost val
Baca lebih lajut »
Gold Price Forecast: XAU/USD bulls wait patiently for a buy low opportunityThe Gold price is breaking the structure to the upside which could be paving the way for a buy-low opportunity for patient bulls for the sessions ahea
Baca lebih lajut »
Gold Price Forecast: XAU/USD sees a downside below $1,800 as Fed looks set to raise rates above 5%Gold price (XAU/USD) is demonstrating a topsy-turvy auction around $1,810.00 in the Asian session. The precious metal is expected to continue its four
Baca lebih lajut »