OANDA:XAUUSD Gold prices fell slightly on the first day of a new week and partially eroded Friday's positive move. The more hawkish outlook of major central banks puts downward pressure on XAU/USD. Hoping that the Fed will end its rate hike cycle soon could help limit further losses for the precious metal. On the downside, bullish technicals will continue to...
OANDA:XAUUSD Gold prices continued to move higher during the US session and stabilized around $1,960 on Friday. Benchmark 10-year US Treasury yields remain in negative territory below 4% following weak June PCE inflation data from the US, helping XAU/USD hold its ground. Gold prices face pressure after a short-lived recovery approaching $1956.00 as US Dollar...
OANDA:XAUUSD Gold is hovering around the 20-Day Simple Moving Average, at $1945. A clear daily close below will add to the negative outlook. Conversely, if it tries to sustain above, XAU/USD might continue to move sideways. A solid break above $1980 will bring control to the bulls. Support levels: 1,942 1,932 1.915 Resistances: 1,953 1,966 1,974 The main...