Gold Price News and Forecast: XAU/USD’s retreats from one-week tops, on the defensive below $1810 level


Gold Price Analysis: XAU/USD remains confined in a range above 200-hour SMA

Gold seesawed between tepid gains/minor losses through the mid-European session and was last seen trading in the neutral territory, around the $1810 region.

A goodish US dollar rebound from six-week lows was seen as a key factor that capped gains for the dollar-denominated commodity. However, a turnaround in the risk sentiment extended some support to the safe-haven XAU/USD and helped limit the downside. Read more...

XAUUSD

Gold Price Analysis: XAU/USD retreats from one-week tops, on the defensive below $1810 level

Gold struggled to preserve modest intraday gains to one-week tops and was last seen hovering near the lower end of its daily trading range, just below the $1810 level.

The precious metal gained some traction during the early part of the trading action on Tuesday and built on the recent strong rebound from multi-month lows, around the $1760 region. The uptick was supported by a softer tone surrounding the US dollar, which tends to benefit the dollar-denominated commodity. Read more...

Gold Price Analysis: XAU/USD sees strong support around $1765 –" Standard Chartered

Gold (XAU/USD) has struggled in recent days following the latest surge in US Treasury yields. Analysts at Standard Chartered see strong support for the yellow metal at $1765 followed by the $1690 mark.

“Bond yields are unlikely to drive further gains in gold. The Fed will likely welcome the rise in inflation expectations under its Average Inflation Targeting framework. This means a further rise in real yields could be harder to come by.” Read more...

XAU/USD

Overview
Today last price 1810.58
Today Daily Change 2.30
Today Daily Change % 0.13
Today daily open 1808.28
 
Trends
Daily SMA20 1820.92
Daily SMA50 1852.79
Daily SMA100 1863.03
Daily SMA200 1859.52
 
Levels
Previous Daily High 1812.7
Previous Daily Low 1780.75
Previous Weekly High 1827.11
Previous Weekly Low 1760.72
Previous Monthly High 1959.42
Previous Monthly Low 1802.8
Daily Fibonacci 38.2% 1800.5
Daily Fibonacci 61.8% 1792.95
Daily Pivot Point S1 1788.45
Daily Pivot Point S2 1768.63
Daily Pivot Point S3 1756.5
Daily Pivot Point R1 1820.4
Daily Pivot Point R2 1832.53
Daily Pivot Point R3 1852.35

 

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