Gold Price News and Forecast: XAU/USD techincal chart signals caution for the bulls
|Gold Price Analysis: XAU/USD remains vulnerable, break below 200-DMA awaited
Gold traded with a mild negative bias through the mid-European session and was last seen hovering near the lower end of its daily range, around the $1805 region.
The XAU/USD now seems to have found acceptance below a three-day-old ascending trend-channel, which constituted the formation of a bearish flag on short-term charts. Bearish technical indicators on hourly/daily charts add credence to the negative set-up and support prospects for an extension of the recent downward trajectory. Read more...
Gold: Techincal chart signals caution for the bulls
Gold is edging lower but holding above $1,800. US dollar weakness and vaccine doubts offer support to the yellow metal while technical chart warrants caution for the XAU/USD bulls, FXStreet's Dhwani Mehta reports. Read more...
Gold Price Analysis: XAU/USD hangs near multi-month lows, just above $1800 mark
Gold has managed to recover an intraday dip to the $1803 region, albeit lacked any strong follow-through buying. The commodity was last seen trading around the $1810 region, nearly unchanged for the day. Read more...
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