Gold Price News and Forecast: XAU/USD retreats to $1,780 area ahead of key US data

Gold nears $1800 reinforced by the 10yr US Real Yields break lower – Credit Suisse

Gold has resumed its core bull trend reinforced by the expected break lower by 10yr US Real Yields as the yellow metal trades at near $1790, gaining +0.42% on a day. Strategists at Credit Suisse mark resistance at $1796/1803.

Key quotes: "Gold has seen its expected break higher from its range above $1765 to confirm a resumption of its core bull trend with resistance seen at $1796/1803 next." Read more...


Gold Price Analysis: XAU/USD retreats to $1,780 area ahead of key US data

After posting its highest daily close since October 2012 at $1,781.67, the XAU/USD pair extended its rally and came within a touching distance of $1,790 before losing its traction. As of writing, the pair was virtually unchanged on a daily basis at $1,781.

The uncertainty surrounding the impact of rising coronavirus cases' on the US economic recovery provided a boost to the safe-haven precious metal on Tuesday. Moreover, month-end flows triggered a fresh gold-buying wave and allowed the pair to stretch higher in the late American session. Read more...


Gold hits fresh multi-year tops, fast approaching $1800 mark

Gold jumped to fresh multi-year tops in the last hour, with bulls now eyeing a move towards the ambitious $1800/ounce target.

Following a brief consolidation through the Asian session on Wednesday, the commodity regained some positive traction and added credence to the overnight breakthrough a one-week-old trading range. Worries about the second wave of coronavirus infections turned out to be one of the key factors that continued benefitting the safe-haven precious metal. Read more...


Today last price 1781.67
Today Daily Change 1.24
Today Daily Change % 0.07
Today daily open 1780.43
Daily SMA20 1736.34
Daily SMA50 1725.54
Daily SMA100 1672.07
Daily SMA200 1589.35
Previous Daily High 1785.91
Previous Daily Low 1764.7
Previous Weekly High 1779.41
Previous Weekly Low 1742.97
Previous Monthly High 1785.91
Previous Monthly Low 1670.76
Daily Fibonacci 38.2% 1777.81
Daily Fibonacci 61.8% 1772.8
Daily Pivot Point S1 1768.12
Daily Pivot Point S2 1755.8
Daily Pivot Point S3 1746.91
Daily Pivot Point R1 1789.33
Daily Pivot Point R2 1798.22
Daily Pivot Point R3 1810.54



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