Tag - gold

XAU/USD: bears got in a trap
XAU/USD: bears got in a trap

On the daily chart, XAU/USD is correcting to the long-term uptrend. Bears are trying to form a “Shark” pattern with a target at 113% located at 1183.

Gold sinks on soaring greenback
Gold sinks on soaring greenback

On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…

Gold edges down as investors wait for Fed policy decision
Gold edges down as investors wait for Fed policy decision

On Wednesday, gold moderately declined ahead of the latest monetary policy update from the Fed that could potentially confirm a marathon of higher interest rates, which could back the evergreen buck and dull appetite for gold…

XAU/USD: gold is lying on the shelf
XAU/USD: gold is lying on the shelf

On the daily chart, after XAU/USD had reached 88.6% target of the “Shark” pattern there was a natural pullback. Bears are counting on the decline to the 113% target.

Metals are mixed notwithstanding sliding greenback
Metals are mixed notwithstanding sliding greenback

On Monday, metal prices demonstrated mixed performance because gold stood still notwithstanding a sliding evergreen buck ahead of the Fed’s monetary policy decision to be uncovered later this week…

Gold demonstrates muted trade
Gold demonstrates muted trade

On Tuesday, gold futures showed muted trade because a soar in global stocks compensated a moderately weaker greenback that capped the traditional safe-haven commodity’s moves…

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