Gold price (XAU/USD) climbs to a fresh two-week high during the Asian session on Thursday and seems poised to prolong its recent strong recovery move
Gold price builds on its recent recovery from a multi-month low and climbs to a two-week high. Geopolitical tensions, sliding bond yields and a softer USD continue to lend support to the metal. The US CPI report could offer fresh cues about the Fed’s rate-hike path and provide some impetus. from the $1,810 area, or a seven-month low touched last week.
On the flip side, the $1,866-1,865 resistance breakpoint might now protect the immediate downside ahead of the $1,853-1,850 region. The next relevant support is pegged near the $1,835-1,833 zone, representing a multi-day-old trading range resistance breakpoint. A convincing break below the latter will negate any near-term positive outlook and make the Gold price vulnerable to retest the multi-month low, around the $1,810 zone touched last week.
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: XAU/USD buyers keep $1,880 in sight ahead of US PPI, Fed MinutesGold price is extending its phase of bullish consolidation near the one-week high of $1,865 in Asian trading on Wednesday. Gold price is gathering pac
Baca lebih lajut »
Gold Price Forecast: XAU/USD pressures fresh weekly highs above $1,860Spot Gold has extended its weekly rally to $1,865.35 a troy ounce as investors continue to seek safety, while the US Dollar eases following comments
Baca lebih lajut »
Gold Price Analysis: XAU/USD flat near $1,860 on unsteady market sentimentThe XAU/USD Gold spot price is holding flat for Tuesday's trading session after the weekend's geopolitical strain from an escalating Gaza Strip confli
Baca lebih lajut »
Gold Price Update: XAU/USD Remains Vulnerable to Retail Trader Positioning BetsGold prices are on track for the best week since the middle of July. Yet, retail trader positioning continues to offer a bearish contrarian outlook. What are key levels to watch?
Baca lebih lajut »
Gold Price Forecast: XAU/USD nears $1,880 as USD continues to retreatGold price rallied on Wednesday, reaching a fresh two-week high of $1,877.19 a troy once. XAU/USD benefited from the broad US Dollar weakness, the la
Baca lebih lajut »
Gold Price Analysis: XAU/USD struggling to find momentum above $1,870 after FOMC minutes non-starterGold spot prices find themselves on the high side for Wednesday, up from the day's opening bids around $1,859 with the day's high etched in near $1,87
Baca lebih lajut »