Gold Spot support and hurdle : The Technical Confluences Indicator shows that gold has managed to recover ground above the powerful resistance now support at $1781, which is the intersection of the Fibonacci 38.2% one-day, SMA5 four-hour and pivot point one-week S2.
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Gold Spot Low $1789 Mint Money or Not | Neal Bhai Reports
Gold Spot Low $1789 Mint Money or Not. Gold markets have broken down during the trading session on Tuesday as the US dollar has picked up a bit of momentum.
Gold Technical Outlook : Below $1807 Don’t Buy Gold, Big Downside Expected
Gold Technical Outlook Report : The Gold Relative Strength Index (RSI) indicator is moving sideways around 50, confirming gold indecisiveness in the near-term. Additionally, the pair is fluctuating between the Fibonacci 38.2% and 50% retracement levels of the six-day-long uptrend witnessed earlier in the month.
Gold Prices Have Oscillated Around The Sticky $1850
Gold prices have oscillated around the sticky $1850 region due to the absence of a fresh directional catalyst. Bulls remain empowered by the great “reflation trade” and surging coronavirus cases, while bears continue to draw strength from a stabilising dollar.
Broad Risk-on Sentiment Weighed on the US Dollar, Buying Precious Metal Prices
Precious Metal Prices : Gold prices rallied as much as 1% on Monday after President Trump signed a $2.3 trillion bill that contains $900 billion in pandemic relief aid and $1.4 trillion in government spending to fund federal agencies.
Gold prices gain as focus returns to pandemic, U.S. election
Gold prices firmed on Wednesday as uncertainties over a global economic recovery and the U.S. presidential election prompted investors to exploit a sharp pullback in the previous session to buy bullion.
Gold lingers below $1,900 as dollar holds firm – Neal Bhai
Gold prices lingered below the key $1,900/ounce psychological level on Wednesday as lack of an agreement on additional U.S. fiscal stimulus helped the dollar stay firm.