Gold Price News and Forecast: Gold Further losses are likely near-term


Gold Price Analysis: First hurdle crossed, next bullish levels in sight – Confluence Detector

Gold has recaptured the round $1,800 level and also topped a critical hurdle mentioned earlier in the day. The road is now open for XAU.USD to continue to higher ground.

The Technical Confluences Indicator is showing that the next target is at $1,807, which is the convergence of the Fibonacci 61.8% one-day, the Bollinger Band 1h-Upper, the Fibonacci 23.6% one-week, and more. Read more...

XAUUSD

 

Gold Futures: Further losses are likely near-term

Open interest and volume in Gold futures markets increased by just 476 contracts and by around 19.5K contracts, respectively, on Thursday according to preliminary figures from CME Group.

Gold sees interim support near $1,740/oz

Thursday's price action in Gold was in tandem with rising open interest and volume. That said, the ounce troy of the precious metal closed below the key $1,800 barrier on Thursday and the corrective decline could extend to the 55-day SMA, today at $1,742. Read more...

Gold

 

Gold steadily climbs back to $1800 mark

Gold edged higher through the early European session and steadily climbed back to the $1800 mark, recovering a part of the previous day's losses.

Concerns about the ever-increasing coronavirus cases and worsening US-China relations underpinned the precious metal's perceived safe-haven demand. This coupled with a subdued US dollar price action extended some additional support to the dollar-denominated commodity. Read more...

XAU/USD

Overview
Today last price 1804.92
Today Daily Change 7.64
Today Daily Change % 0.43
Today daily open 1797.28
 
Trends
Daily SMA20 1782.52
Daily SMA50 1746.11
Daily SMA100 1694.6
Daily SMA200 1607
 
Levels
Previous Daily High 1813.44
Previous Daily Low 1795.04
Previous Weekly High 1818.17
Previous Weekly Low 1770.16
Previous Monthly High 1785.91
Previous Monthly Low 1670.76
Daily Fibonacci 38.2% 1802.07
Daily Fibonacci 61.8% 1806.41
Daily Pivot Point S1 1790.4
Daily Pivot Point S2 1783.52
Daily Pivot Point S3 1772
Daily Pivot Point R1 1808.8
Daily Pivot Point R2 1820.32
Daily Pivot Point R3 1827.2

 

 

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