FxErvin

FxErvin

Gold price found fresh demand on Thursday, although remained capped below the $2,000 level. Looking ahead, risks remain tilted to the upside for Gold price, as several Bull Crosses remain in play and the 14-day Relative Strength Index (RSI) indicator sits just beneath the overbought territory. The 21-day Simple Moving Average (SMA) broke above all the key major...

FxErvin Updated 

Gold price gained traction and advanced toward $1,990 on Thursday. Following Wednesday's sharp decline, the benchmark 10-year US Treasury bond yield edges lower toward 4.7%, helping XAU/USD hold its ground ahead of US data. XAUUSD BUY : 1988 TP. : 1995 TP. : 2005 TP. : 2010 SL. : 1975