Gold News

United States CFTC Gold NC Net Positions down to $215.7K from previous $235K

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Commodity News 2 days ago

Gold Price Analysis: XAU/USD has significant support only at $1,712 – Confluence Detector

Gold is suffering a meltdown – alongside stocks – as US Treasury yields are surging on elevated growth and inflation forecasts. The precious metal has no yield...

Commodity News 2 days ago

Gold Price Analysis: XAU/USD eyes next two strong supports, as $1726 beckons – Confluence Detector

Gold (XAU/USD) has stalled its bounce and meanders near multi-day lows, with the risks tilting to the downside, as the US dollar resumes its overnight recovery...

Commodity News 3 days ago

Gold Price Analysis: XAU/USD drops further to $1770 ahead of critical support

Gold extends losses, hits four-day lows as market sentiment deteriorates. XAU/USD back near critical medium-term support around $1765. Gold dropped furt...

Commodity News 3 days ago

Gold Price Analysis: Sellers look to retain control as XAU/USD fails to reclaim $1,800

XAU/USD stays under modest bearish pressure on Wednesday. Gold struggles to reclaim $1,800 despite USD weakness. $1,780 could be seen as the next target...

Commodity News 3 days ago

Gold Price Analysis: XAU/USD sellers flirt with $1,800, eye weekly support line

Gold bounces off intraday low, remains weak for the third day. Two-week-old resistance line guards immediate upside, 100-HMA offers adjacent support. Go...

Commodity News 4 days ago

Gold Price Analysis: XAU/USD stays pressured below $1,806 on firmer Treasury yields– Confluence Detector

Gold prints three-day losing streak despite recent bounce-off intraday low around $1,794 to $1,797.63, down 0.28% on a day, during early Thursday. In doing so,...

Commodity News 4 days ago

Gold Price Analysis: Break below $1760 to leave XAU/USD under pressure – Commerzbank

Gold (XAU/USD) has sold off to test and reversed from support at 1760/1765.61, which is the May high and 50% retracement.  The yellow metal is trying to re...

Commodity News 4 days ago

Gold Price Analysis: XAU/USD set to test record highs above $2000 in 2021 – Credit Suisse

The gold price is likely to continue its upward trend through 2021 and could rally as high as $2,200 an ounce, Fahad Tariq, Precious Metals Analyst at Credit Su...

Commodity News 5 days ago

Gold Price Analysis: XAU/USD bulls face an uphill battle despite dovish Powell – Confluence Detector

Gold (XAU/USD) consolidates its overnight recovery above $1800, having capitalized on  Fed Chair Jerome Powell’s dovish comments. Powell signaled Tuesday t...

Commodity News 5 days ago

Gold Price Analysis: Bears engaging below firm resistance, targetting $1,750

Between the 61.8% Fibo / 50% mean reversion and the confluence of old support has proven to be a firm resistance. Gold is now firmly back into th...

Commodity News 5 days ago

Gold Price Analysis: XAU/USD bulls trying to defend $1,800 amid cautious optimism

Gold picks up bids to reverse the previous day’s pullback from one-week top. Powell tried to placate reflation fears, vaccine optimism prevails. US stimu...

Commodity News 5 days ago

Gold Price Analysis: XAU/USD choppy either side of $1800 level as Fed Chair Powell’s testimony gets underway

XAU/USD has chopped either side of the $1800 level in recent trade. Gold prices and broader financial markets await comments from Fed Chair Powell on recen...

Commodity News 5 days ago

Gold Price News and Forecast: XAU/USD’s recovery appears limited ahead of Powell [Video]

Trading gold to the downside, stochastics on XAU/USD overbought [Video] Yesterday we looked at gold from the fundamental standpoint and the market still sees d...

Commodity News 5 days ago

Gold Price Analysis: XAU/USD extends recovery moves above $1,800 with eyes on Fed’s Powell

Gold picks up the bids, up for third straight day. US dollar weakness favord bulls amid risk-on mood. Powell can reiterate cautious optimism but a mentio...

Commodity News 6 days ago

Gold Price Analysis: XAU/USD needs to crack $1821 to unleash further upside, Powell eyed – Confluence Detector

As US President Joe Biden’s stimulus package heads towards House vote, Gold’s (XAU/USD) comeback from multi-month lows gathers momentum into the third straight...

Commodity News 6 days ago

Gold Price Analysis: Bulls setting up for upside extension to -61.8% Fibo/$1,817/20

Gold is consolidating the recent bullish impulse, but the 15-min reverse H&S is an extra conviction for prospects of a continuation. $1,817 and $1...

Commodity News 6 days ago

Gold: Suggestions of tapering to put further pressure on XAU/USD – ING

Growing confidence in the global recovery, especially in the US, is leading to speculation over when the Fed might take its foot off the accelerator and buy few...

Commodity News 6 days ago

Gold Price Analysis: Bulls target $1,820, 1-hour Momentum points to meanwhile correction

Gold prices have been back on the bid through the psychological 1800 level.  $1,820 is a marked target to the upside, but the hourly chart is on...

Commodity News 6 days ago

Gold Price Analysis: XAU/USD stays below 100-hour SMA

Gold's bounce from recent low has stalled near the 100-day SMA.  The metal has carved out an inverse head-and-shoulders pattern. Gold is currently...

Commodity News 7 days ago