JohnHarry_7

JohnHarry_7

Gold continues to push higher toward $2,950 after closing the previous two days in positive territory. The precious metal benefits from the risk-averse market atmosphere as investors grow increasingly concerned about trade wars causing an economic downturn. Xauusd sell 2946 Support 2940 Support 2930 Target 2910 Resistance 2955 Resistance 2960

JohnHarry_7

Gold’s price holds onto weekly gains and trades above $2,915 at the time of writing on Wednesday ahead of the United States Consumer Price Index (CPI) release for February. Market consensus is for a deceleration in all inflation measures, both monthly and yearly gauges. Xauusd sell signal 2914 Support 2905 Support 2900 Target 2895 Resistance 2930

JohnHarry_7

The GBP/JPY cross attracts some sellers to around 190.60 during the early European trading hours on Monday. The Japanese Yen (JPY) gathers strength against the Pound Sterling (GBP) amid the hawkish expectations of the Bank of Japan (BoJ) and the safe-haven demand.

JohnHarry_7 Updated 

Gold price builds on its intraday ascent beyond the $2,900 mark, hitting a fresh daily high during the first half of the European session and reversing a major the previous day's losses to a one-week low. Investors remain worried about the potential economic fallout from US President Donald Trump's trade tariffs and persistent geopolitical risks. Xauusd sell...

JohnHarry_7 Updated 

Gold struggles to hold its ground and trades in the red near $2,900 on Monday. In the absence of high-impact data releases, investors refrain from taking large positions and wait for fresh developments surrounding the Trump administration's tariff policy. Xauusd sell 2904 Support 2894 Resistance 2915

JohnHarry_7 Updated 

Gold price remains confined in a range above $2,900 on Friday as traders keenly await the US NFP release. Rising trade tensions, the risk-off mood, and a weaker USD lend support to the precious metal. Bets for more interest rate cuts by the Fed contribute to limiting losses for XAU/USD. Xauusd sell 2922 Support 2900

JohnHarry_7

Gold’s price is consolidating for a second day in a row around $2,900 on Thursday while keeping an eye on the all-time high at $2,956. Although there might be some easing for Canada and Mexico with a delay on car import tariffs into the United States, the reciprocal tariffs are still due to kick in as of April Xauusd sell 2910 Resistance 2898/2890

JohnHarry_7 Updated 

Gold leaves behind initial losses and advances modestly on Wednesday, regaining the $2,920 zone per troy ounce after the US ISM Services PMI signalled a pick-up in services inflation and employment in February. The daily chart for XAU/USD shows it trades around its daily opening, while an intraday dip was quickly reverted, suggesting buyers are taking advantage...

JohnHarry_7 Updated 

Gold builds on Monday's gains and trades decisively higher on the day near $2,920 on Tuesday. Markets remain risk-averse as the US' trade partners introduce retaliatory measures against tariffs, fuelling a leg higher in XAU/USD. From a technical perspective, failure ahead of the $2,900 mark warrants some caution for bullish traders. That said, oscillators on the...

JohnHarry_7 Updated 

Gold rebounds from the fresh multi-week low it set near $2,830 on Friday and trades above $2,870 on Monday. Markets remain on edge amid the uncertainty surrounding the Russia-Ukraine conflict and upcoming US tariffs on Chinese, Mexican and Canadian imports. Xauusd sell 2876 TP1 2870 TP2 2860 Target 2830

JohnHarry_7 Updated 

The signs projected earlier this week are being proven right on Friday, with a near 3% loss in the precious metal so far this week. However, the fundamentals still look good for more upside in Gold, with tariffs still being a main theme and not just a one-off event. Look to support levels such as $2,790 to be ready and buy back in large amounts to participate in...

JohnHarry_7 Updated 

The main element to trigger a turnaround comes at the daily Pivot Point of $2,912. Should Gold fully recover back above that level, it would confirm that traders are buying the current dip. Once through there, $2,934 and $2,951 are levels on the upside to look out for in the form of the intraday R1 and R2 resistances Xauusd now buy 2885 Support 2910

JohnHarry_7

Despite the previous corrective decline, Gold price defended the 21-day Simple Moving Average (SMA) at $2,883. Gold buyers could retest the all-time highs at $2,956 if the rebound gathers steam. The next topside barriers are seen at the $2,970 resistance and the $3,000 threshold. On the flip side, the immediate support is seen at the $2,900 round level, below...

JohnHarry_7 Updated 

Meanwhile, any corrective pullback might continue to attract some dip-buyers around the $2,920-2,915 region, or the lower end of a multi-day-old trading range. This is followed by the $2,900 mark and support near the $2,880 region, which if broken decisively could drag the Gold price to the $2,860-2,855 area en route to the $2,834 zone and eventually to the $2,800...

JohnHarry_7

Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday. Despite this consolidation, US Bitcoin spot Exchange Traded Funds (ETFs) data recorded a total net outflow of $489.60 million until Thursday, hinting signs of weakness among institutional investors. Moreover, a...

JohnHarry_7 Updated 

Technically, the daily chart for the XAU/USD pair shows it keeps posting higher highs and higher lows, which is in line with the dominant bullish trend. Technical indicators, in the meantime, remain within overbought levels, lacking clear directional strength yet heading north, suggesting buying pressure is still strong. Finally, the same chart shows Gold develops...

JohnHarry_7 Updated 

Gold price attracts some dip-buying as trade war fears continue to underpin safe-haven assets. Fed rate cut bets keep the USD bulls on the defensive and further lend support to the XAU/USD. A positive risk tone might cap the commodity as traders await the release of the FOMC minutes. Xauusd signal sell 2938 Support 2920 Support 2915

JohnHarry_7 Updated 

Gold builds on Monday's modest gains and rises to the $2,920 area on Tuesday. Markets brace for headlines to come in from Saudi Arabia, where US and Russian officials are meeting for peace talks. Meanwhile, rising US T-bond yields could limit XAU/USD's upside. Xauusd sell 2917 Support 2900 Target 2880 Weekly Target 2860 Resistance 2940 Gold is climbing the...