XAU/USD: time for some correction?
XAU/USD retraced 78.6% Fibonacci of April-August decline.
Tag - gold
Yellow metal tops $1,300
On Friday, gold futures managed to shot up above $1,300 an ounce, thus finding themselves on track for a weekly leap because the evergreen buck rebounded and market participants closely watched geopolitical turmoil as well as global surge fears…
Gold dives on a firmer greenback
On Thursday, the yellow metal concluded down, with the number one precious commodity’s short-term prospects linked to a strengthening greenback, although traders closely watch the impact of the partial shutdown of the American cabinet as well as…
Gold futures stand still
On Wednesday, gold was nearly intact in Asia notwithstanding an uptick in uncertainty surrounding the China-US trade negotiations…
Gold dives to 3-week minimum
On Tuesday, the yellow metal demonstrated its lowest value for three weeks…
Gold goes down to 2019 minimum
On Monday, gold headed south to its lowest value of the year due to the fact that investor appetite for risk was still firm notwithstanding data disclosing that China's 2018 economic surge speeded down to a near three-decade minimum…
What has happened to Gold?
After the bullish end of the year, the yellow metal has stuck in the range bound market. Let’s find out the fundamental reasons behind it and determine the key levels on the chart.
Trading plan for January 21
The trade talks between the US and China are still the main topics for the market. That is why it is recommended to trade USD/JPY and Gold on the market sentiment.
Trade ideas for gold
The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.
Gold approaches $1,300 once again
Britain’s economic and political issues along with a no-confidence vote on Prime Minister Theresa May following her unsuccessful Brexit deal vote gave gold traders a hope of getting back to maximums of above $1,300 an ounce…
Gold surges a bit
On Tuesday, gold managed to gain a bit due to the fact that the first dive in factory gate inflation for four months backed the argument that the major US bank should suspend monetary policy tightening and traders looked ahead to a bunch of remarks from…
Gold stands still
On Thursday, gold was intact due to the fact that market participants waited for comments from Fed Chair Jerome Powell in the face of hopes that the head of the US key financial institution is going to reaffirm a pause in the US monetary policy…
