Gold Price News and Forecast: XAU/USD flirts with session lows, around $1725-20 region

Gold Price Analysis: XAU/USD to stabilise between the $1653-$1707 zone –" Commerzbank

Gold (XAU/USD) has sold off to the 55-month moving average at $1707, between here and the $1653 uptrend, the yellow metal should stabilise, in the view of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank.

“Gold has sold off to the 55-month ma at $1707 and currently we cannot rule out further slippage towards the $1653 2019-2021 uptrend. If seen, we would expect this to hold the downside.” Read more...

Gold Price Analysis: XAU/USD flirts with session lows, around $1725-20 region

Gold maintained its offered tone through the mid-European session and refreshed daily lows, around the $1721 region in the last hour.

The XAU/USD came under some renewed selling pressure on Wednesday and erased the previous day's modest recovery gains from the lowest level in over eight months. The safe-haven precious metal was weighed down by the underlying bullish tone in the financial markets, bolstered by the optimism about a strong global economic recovery. Read more...

Gold Price Analysis: Rising real yields raise the prospect of a serious XAU/USD fall –" Credit Suisse

According to strategists at Credit Suisse, rising real yields should put further pressure on gold. XAU/USD has already seen an important break of support at $1765 to mark a top and a more serious fall.

“Gold has finally bowed to rising yields and the strengthening USD and key support at $1761 has been finally removed for the completion of a top. Although the 38.2% retracement of the 2018/2020 bull trend at $1726 is essentially holding for now we look for a clear break in due course for a fall to $1670 next, then $1620/15.” Read more...


Today last price 1712.44
Today Daily Change -20.72
Today Daily Change % -1.20
Today daily open 1733.16
Daily SMA20 1795.4
Daily SMA50 1839.57
Daily SMA100 1854.61
Daily SMA200 1860.36
Previous Daily High 1738.56
Previous Daily Low 1707.28
Previous Weekly High 1816.07
Previous Weekly Low 1717.24
Previous Monthly High 1871.9
Previous Monthly Low 1717.24
Daily Fibonacci 38.2% 1726.61
Daily Fibonacci 61.8% 1719.23
Daily Pivot Point S1 1714.11
Daily Pivot Point S2 1695.05
Daily Pivot Point S3 1682.83
Daily Pivot Point R1 1745.39
Daily Pivot Point R2 1757.61
Daily Pivot Point R3 1776.67


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