Gold Price (XAU/USD) portrays bearish consolidation at the lowest level in five months while defending the week-start rebound amid mixed sentiment. US
Risk aversion, firmer Treasury bond yields challenge XAU/USD recovery ahead of mid-tier catalysts.Gold Price portrays bearish consolidation at the lowest level in five months while defending the week-start rebound amid mixed sentiment.to pare previous losses at the multi-day bottom. However, the firmer Treasury bond yields and fears surrounding China, one of the world’s biggest Gold customers, prod the recovery moves amid a light calendar.
Against this backdrop, US Dollar Index renews its intraday low near 103.20, down for the second consecutive day, as market players brace for Friday’s speech for Fed Chair Jerome Powell at the Kansas Fed’s annual event called at the. Furthermore, the US 10-year Treasury bond yields refreshed the highest level since November 2007 earlier in the day to 4.36% before easing to 4.34% at the latest.
However, a convergence of the Fibonacci 38.2% on one-week and the upper band of the Bollinger on the four-hour play prods the immediate upside of the Gold Price near the $1,900 round figure. Above all, the joins of the Pivot Point one-month S1 and the previous weekly high of around $1,920 acts as the final defense of the XAU/USD bears.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold Price Forecast: XAU/USD remains below $1,900, awaits Fed's Jackson Hole SymposiumGold price struggles to capitalize on the previous day's positive move and oscillates in a narrow trading range below the $1,900 mark during the Asian
Weiterlesen »
XAU/USD Price Forecast: Is the Tide Turning for Gold?Gold prices looks to a big data week that includes the Jackson Hole Economic Symposium as XAU/USD bulls look to find some respite.
Weiterlesen »
Gold Price Forecast: XAU/USD appears bearish past $1,900, focus on PMI, Jackson HoleGold Price (XAU/USD) marks an unimpressive start of the trading week around $1,890, after declining in the last four consecutive weeks. In doing so, t
Weiterlesen »
Gold Price Forecast: XAU/USD kicks off the week in a consolidation around $1,890Gold price struggles to snap a losing streak, treading waters near $1,890 per troy ounce during the Asian session on Monday. The Gold is also benefiti
Weiterlesen »
Gold Price Forecast: XAU/USD sellers eye $1,865 and central bankersGold Price (XAU/USD) remains on the back foot at the lowest level in five months as market players seek solace in the US Dollar amid uncertainty ahead
Weiterlesen »
Gold Price Forecast: XAU/USD looks to recapture $1,900, falling wedge, Jackson Hole eyedGold Price (XAU/USD) manages to hold ground near the lowest level in five months, recently picking up bids to around $1,895 amid the early hours of Tu
Weiterlesen »