Gold price (XAU/USD) struggles to capitalize on the previous day's late rebound from the $1,908 area and meets with a fresh supply during the Asian se
Gold price remains under some selling pressure for the second successive day on Tuesday. A positive risk tone, along with elevated US bond yields, continues to weigh on the metal. Geopolitical risk and the uncertainty over the Fed’s rate-hike path should help limit losses. ssion on Tuesday. This marks the second successive day of a negative move for the precious metal and is sponsored by a positive risk tone, which tends to undermine traditional safe-haven assets.
This, in turn, should act as a key pivotal point, which if broken will make the Gold price vulnerable to slide further towards the next relevant support near the $1,868 horizontal zone en route to the $1,860-1,855 region. On the flip side, the 200-day SMA, nearing Friday’s swing high, around the $1,932-1,933 zone, might continue to act as an immediate strong barrier. Some follow-through buying will be seen as a fresh trigger for bulls and lift the Gold price towards the $1,945-1,947 supply zone.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Gold and Silver Price Forecast: Geopolitics Send XAU/USD & XAG/USD FlyingThis article examines the outlook for gold and silver for the coming weeks, analyzing the geopolitical and technical factors that could guide the trajectory of these key precious metals.
Lire la suite »
Gold Price Forecast: XAU/USD hovers around $1,925 amid the geopolitical tensions, Chinese stimulus hopeGold price (XAU/USD) posts modest losses around $1,925 during the early Asian session on Monday. The market sentiment is mixed as investors have some
Lire la suite »
Gold Price Forecast: XAU/USD correction could extend after Friday’s 3% upsurgeGold price is retracing a small portion of Friday’s massive surge to the highest level in three weeks at $1,933. The United States Dollar (USD) stays
Lire la suite »
XAU/USD Price Forecast: Tempered Start for GoldGold prices moderated after last week’s push higher but a close eye will be on the ongoing Israel-Palestine war alongside US specific factors.
Lire la suite »
Gold Price Forecast: XAU/USD gets rejected by the 200-day SMA, US yields riseAt the beginning of the week, the XAU/USD retreated towards $1,920 and consolidated Friday’s rally, which saw the spot price rising by more than 3%. M
Lire la suite »