Gold Price News and Forecast: XAU/USD surrenders a major part of intraday gains, up little around $1840


Gold: The uptrend may be expected to continue, while market is trading above support level 1877

Uptrend scenario

The uptrend may be expected to continue, while market is trading above support level 1877, which will be followed by reaching resistance level 1863.

Downtrend scenario

An downtrend will start as soon, as the market drops below support level 1827, which will be followed by moving down to support level 1802.4. Read more...

Gold

Gold Price Analysis: XAU/USD surrenders a major part of intraday gains, up little around $1840

Gold maintained its bid tone through the mid-European session, albeit seemed struggling to capitalize on the intraday positive move. The commodity was last seen trading around the $1840 region, well within the striking distance of session lows.

The precious metal built on the previous day's goodish recovery move from the vicinity of the $1800 mark and gained traction for the second consecutive session on Tuesday. The uptick was exclusively sponsored by the emergence of some selling around the US dollar, which tends to underpin demand for the dollar-denominated commodity. Read more...

XAU/USD

Overview
Today last price 1834.36
Today Daily Change -2.77
Today Daily Change % -0.15
Today daily open 1837.13
 
Trends
Daily SMA20 1878.57
Daily SMA50 1860.66
Daily SMA100 1886.17
Daily SMA200 1844.76
 
Levels
Previous Daily High 1840.86
Previous Daily Low 1802.8
Previous Weekly High 1863.83
Previous Weekly Low 1816.96
Previous Monthly High 1906.87
Previous Monthly Low 1775.52
Daily Fibonacci 38.2% 1826.32
Daily Fibonacci 61.8% 1817.34
Daily Pivot Point S1 1813
Daily Pivot Point S2 1788.87
Daily Pivot Point S3 1774.94
Daily Pivot Point R1 1851.06
Daily Pivot Point R2 1864.99
Daily Pivot Point R3 1889.12

 

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