FxVince15

FxVince15 Updated 

Gold price trades higher around $1,930 a troy ounce, rebounding from the losses registered in the previous week. The pullback in the USD is providing support in strengthening the prices of Gold, which could be attributed to the lower likelihood of the US Fed keeping interest rates unchanged in the upcoming September. GOLD SELL : 1926 TP. : 1920 TP....

FxVince15 Updated 

Nevertheless, the XAU/USD remains on track to register losses for the first time in the previous three weeks. In the absence of any relevant market-moving economic data from the US, the US bond yields will continue to play a key role in influencing the USD price dynamics. Apart from this, the broader risk sentiment will drive demand for safe-haven assets and...

FxVince15 Updated 

Alternatively, Gold price will need to recapture the 50 DMA support-turned-resistance at $1,932 on a daily closing basis to make another run toward the 100 DMA hurdle at $1,951. Further up, the static resistance of $1,970 and the July 27 high of $1,982 will challenge the Gold price recovery. GOLD BUY : 1919 TP : 1925 TP : 1930 TP : 1935 SL : 1910

FxVince15 Updated 

Gold oscillates between $1,935 and $1,915, US PMIs eyed Gold Price seesaws within a key trading range despite the previous day’s heavy loss. Fears of economic slowdown in Beijing contradict US soft landing chatters and weigh on the Gold Price. US ISM Services PMI, Fed talks eyed for fresh impulse. Gold buy 1925 Target 1929 Target 1932 Target 1935 Sl1913

FxVince15 Updated 

Gold price touched its highest level in a month above $1,950, gaining more than 1% for the second straight week. The yellow metal benefited from retreating US yields after disappointing employment-related data releases from the US. Gold buy 1926 Target 1930 Target 1935 Target 1943 Sl 1920