Gold price extends losses to hit weekly lows below $3,250 early Thursday. The US Dollar recovers further on the US court’s tariff ruling, cautious Fed Minutes and upbeat mood. Gold buyers appear to give up as the RSI breaches the midline, critical support near $3,295 cracked. Gold price is extending its four-day bearish
Gold price licks its wounds while challenging $3,300 early Wednesday. The US Dollar regains traction alongside Treasury yields as trade and bond market tensions ease. Gold buyers challenge critical daily support while RSI holds above the midline. Gold price is trying hard to defend the critical daily support line near $3,295 early Wednesday,
Gold price drifts lower as trade optimism continues to undermine safe-haven demand. The XAU/USD pair struggles to lure buyers despite Fed rate cut bets and a softer USD. Even geopolitical risks do little to lend any support to the safe-haven precious metal. Gold price meets with a fresh supply during the Asian session on Tuesday
Gold price hits fresh weekly lows below $3,300 early Friday. The US Dollar firms up on US-UK trade deal, profit-taking ahead of US-China trade talks. Gold price needs a daily close below 21-day SMA at $3,307 to negate near-term bullish bias. Gold price is flirting with weekly lows below $3,300 early Friday as the US
Gold price hits fresh record highs of $3,358 early Thursday, then retreats. US-Japan trade optimism lifts risk sentiment and the US Dollar alongside. Heavily overbought RSI on the daily chart continue to caution XAU/USD buyers. Gold price has paused its record run to near the $3,360 region early Thursday as buyers digest this week’s
Gold price builds on Friday’s pullback from record highs of $3,245 early Monday. Trump’s lower tariffs on Chinese electronics and chips offer relief to markets. Technically, Gold could see a brief correction before the next leg up. Gold price is sustaining its retreat from all-time highs of $3,245 reached on Friday, reverting toward $3,200
Gold price eyes a sustained move above $3,000 early Tuesday amid risk reset. Escalating US-Sino trade tensions, China’s support measures revive the US Dollar downside. Gold price is at a critical juncture above the 50-day SMA support at $2,947 while the RSI strives to turn bullish. Gold price is building on its rebound from one-month
Gold price edges higher and snaps a three-day losing streak amid a softer USD. Bets that the Fed will resume its rate-cutting cycle soon also support the bullion. Traders now look to Tuesday’s US macro data and Fed speak for a fresh impetus. Gold price (XAU/USD) attracts some dip-buyers during the Asian session on Tuesday
Gold price keeps the corrective downside intact toward $3,000 early Monday. Upbeat mood on WSJ’s US tariffs report and Ukraine peace deal optimism weigh on Gold price. Gold price stays a ‘buy-the-dips’ trade on the daily chart so long as $2,950 is defended. The gold price is trading on the back foot early Monday,
Gold price set to clinch second weekly gain, with eyes on $3,000. US Dollar and Treasury yields rebound on government shutdown aversion news. Gold price stays bullish as an ascending triangle breakout remains in play. Gold price is hanging close to a new record high set on Thursday, biding time before the next move higher