JohnHarry_7

JohnHarry_7 Updated 

Gold price trades near $2,620.00 on Monday, with the daily chart indicating a consolidation phase as the metal moves sideways near the nine- and 14-day Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) hovers just below the 50 mark, reflecting a neutral sentiment. A decisive move above 50 could signal increased buying interest in the...

JohnHarry_7

The Pound Sterling (GBP) weakened against its major counterparts as expectations grew for a dovish policy stance from the Bank of England (BoE) in the coming year. In December, the UK central bank held its key interest rate steady at 4.75%, but a surprising split vote—where three policymakers supported rate cuts—hinted at a potentially faster pace of easing in...

JohnHarry_7 Updated 

Gold enters a consolidation phase and trades below $2,630 on Friday after closing in positive territory on Thursday. The risk-averse market atmosphere helps XAU/USD limit its losses as investors refrain from taking large positions heading into the end of the holiday-shortened week. Gold now buy 2625 Support zone 2650 Small sell The 14- and nine-day EMAs at...

JohnHarry_7 Updated 

Gold trades in a narrow channel above $2,600 on Tuesday, albeit lacking strong follow-through buying. Geopolitical tensions and trade war fears lend support to the safe-haven XAU/USD, while the Fed’s hawkish shift acts as a tailwind for the USD and caps the precious metal. Gold confirm signal Gold now sell 2629 Target 2580 From a technical perspective, the...

JohnHarry_7 Updated 

On the flip side, the $2,616-$2,615 region that is deemed as a pullback area, or the 23.6% Fibo. level could offer immediate support. This is followed by the $2,600 round-figure mark, below which the Gold price could retest the monthly swing low, around the $2,583 zone touched last week. Some follow-through selling will be seen as a fresh trigger for bears and set...

JohnHarry_7 Updated 

Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session. Gold now sell 2623 Support 2590 Support 2550 Resistance 2680

JohnHarry_7

Gold resumes its decline after the early advance and trades below $2,600 early in the American session. Stronger than anticipated US data and recent central banks' outcomes fuel demand for the US Dollar. XAU/USD nears its weekly low at $2,582.93. Gold now sell 2592 Support 2580 Support 2570 Resistance 2600

JohnHarry_7 Updated 

Following Monday's shallow recovery attempt, Gold remains under modest bearish pressure and trades below $2,650 on Tuesday. Growing expectations for a less dovish Fed outlook and elevated US bond yields weigh on XAU/USD ahead of the last FOMC meeting of the year. Gold now buy 2634 Support 2643 Support 2655

JohnHarry_7 Updated 

Gold price (XAU/USD) stages a modest recovery from a one-week trough touched earlier this Monday, albeit it lacks follow-through buying and currently trades around the $2,655 region. Gold now sell 2658 Support 2643 Support 3630

JohnHarry_7 Updated 

XAU/USD fell towards $2,680 and remains under pressure as investors diggest US figures and the European Central Bank monetary policy announcement. Inflation in the US at wholesale levels rose by more than anticipated in November, according to the latest Producer Price Index release. Gold now sell 2685 Support 2670 Support 2660 Resistance 2689 Resistance 2710

JohnHarry_7 Updated 

Gold maintains the upward pressure and hovers around the $2,700 level after the US reported that the November Consumer Price Index rose 2.7% from a year earlier, as expected. Market players drop the USD. Gold now sell 2700 Support 2691 Support 2682 Resistance 2710 Resistance 2715

JohnHarry_7 Updated 

Gold builds on Monday's gains and trades above $2,670 on Tuesday, supported by the renewed optimism about an improving Chinese economic outlook. Meanwhile, the benchmark 10-year US Treasury bond yield stays in positive territory above 4.2%, capping XAU/USD's upside. Gold now sell 2677 Support 2669 Support 2661

JohnHarry_7

Gold price sticks to its positive bias through the first half of the European session, though it remains below the $2,650-2,655 supply zone and remains confined in a familiar range held over the past two weeks or so. The USNFP report released on Friday reaffirmed bets that the Fed will lower borrowing costs in December. Gold now sell 2657 Support 2645 Support 2635

JohnHarry_7

Gold opened in a calm manner on Monday and spent the rest of the week fluctuating in a narrow channel at around $2,650. Trade Balance data from China and November inflation figures from the United States could help XAU/USD break out of its trading range next week. Gold resistance 2666/2690 On the flip side, the Asian session low, around the $2,614-2,613...

JohnHarry_7 Updated 

Gold stays below $2,640 ahead of US NFP report Gold price struggles to capitalize on its goodish intraday bounce from a one-and-half-week low touched earlier this Friday, though it manages to hold above $2,630. Investors refrain from taking large positions ahead of the November jobs report from the US. NFP signal

JohnHarry_7 Updated 

Gold price ticks lower on Thursday amid a modest rebound in the US bond yields. Geopolitical risks and trade war fears could help limit losses for the XAU/USD. The USD bulls remain on the sidelines ahead of the key US NFP report on Friday Gold now sell 2645 Support 2635 Support 2630

JohnHarry_7

GBP/USD trades with a positive bias for the third straight day and holds steady just above the 1.2700 mark in the early European session on Thursday. The pair takes advantage of the sustained US Dollar weakness and mild risk appetite heading into the US data releases later in the day. Gbpusd now sell

JohnHarry_7 Updated 

Gold price attracts some sellers following an intraday uptick to the $2,650 supply zone in the early European session on Wednesday. The precious metal, however, remains confined in a familiar range held over the past week or so as traders seem reluctant to place aggressive directional bets ahead of Fed Chair Jerome Powell's speech Gold now sell 2626 Support...