JohnHarry_7

JohnHarry_7

Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 since early February, hovering around $98,000 at the time of writing on Friday. Despite this consolidation, US Bitcoin spot Exchange Traded Funds (ETFs) data recorded a total net outflow of $489.60 million until Thursday, hinting signs of weakness among institutional investors. Moreover, a...

JohnHarry_7 Updated 

Technically, the daily chart for the XAU/USD pair shows it keeps posting higher highs and higher lows, which is in line with the dominant bullish trend. Technical indicators, in the meantime, remain within overbought levels, lacking clear directional strength yet heading north, suggesting buying pressure is still strong. Finally, the same chart shows Gold develops...

JohnHarry_7 Updated 

Gold price attracts some dip-buying as trade war fears continue to underpin safe-haven assets. Fed rate cut bets keep the USD bulls on the defensive and further lend support to the XAU/USD. A positive risk tone might cap the commodity as traders await the release of the FOMC minutes. Xauusd signal sell 2938 Support 2920 Support 2915

JohnHarry_7 Updated 

Gold builds on Monday's modest gains and rises to the $2,920 area on Tuesday. Markets brace for headlines to come in from Saudi Arabia, where US and Russian officials are meeting for peace talks. Meanwhile, rising US T-bond yields could limit XAU/USD's upside. Xauusd sell 2917 Support 2900 Target 2880 Weekly Target 2860 Resistance 2940 Gold is climbing the...

JohnHarry_7

EUR/USD managed to regain composure and surpass the key 1.0500 hurdle in recent days. In case of extra gains, the immediate barrier emerges at 1.0532, the 2025 high from January 27, followed by 1.0629, the December peak, and 1.0746, the 200-day Simple Moving Average. EUR/USD holds lower ground near 1.0450 in the European morning on Tuesday. This downside...

JohnHarry_7

GBP/USD struggles to attract buyers but holds above 1.2600 in the European session on Tuesday. The data from the UK showed that the ILO Unemployment Change remained unchanged at 4.4% in the three months to December, coming in better than the market expectation of 4.5%.

JohnHarry_7 Updated 

The first support level on Thursday is $2,892, which is the Daily Pivot. From there, S1 support should come in at $2,875. The S2 support at $2,847 should act as a safeguard and avoid any further declines to the bigger $2,790 level (October 31, 2024, high). Xauusd signal sell 2901/ 2894 support

JohnHarry_7

Gold prices bounce off daily lows and shift their focus to the key $2,900 mark per ounce troy despite a firmer US Dollar and the intense move higher in US yields across various maturity periods. Xauusd signal 2895 TP1 sell 2890 TP2 sell 2870 Support zone sell 2860 Resistance buy 2906 Resistance buy 2925

JohnHarry_7

GBP/USD holds comfortably above the ascending trend line and the 200-period and the 100-period Simple Moving Averages (SMA), reflecting the bullish bias. Additionally, the Relative Strength Index (RSI) indicator on the 4-hour chart stays above 50. In case GBP/USD confirms 1.2450 (Fibonacci 50% retracement of the latest downtrend) as support, it could target...

JohnHarry_7

Prices of the yellow metal extend their comeback above the key $2,900 barrier per ounce troy in response to the now increasing selling bias around the US Dollar Xauusd buy 2906 TP1 2912 TP2 2916 Target 2925 Stop loss 2880

JohnHarry_7 Updated 

Gold price continues to attract safe-haven flows amid persistent worries about Trump’s trade tariffs, refreshing record highs just above $2,900. Mounting trade war and inflationary concerns prompt investors to run for cover in the tradtional store of value, Gold. Gold now sell 2901 Support zone 2885

JohnHarry_7

From a technical perspective, the overnight bounce and the subsequent move up on Friday validates the near-term positive outlook for the Gold price. That said, the Relative Strength Index (RSI) is flashing slightly overbought conditions on the day chart and warrants some caution for bullish traders. Hence, it will be prudent to wait for some near-term...

JohnHarry_7 Updated 

From a technical perspective, the Relative Strength Index (RSI) has moved above the 70 mark and warrants some caution for bullish traders. Hence, it will be prudent to wait for some near-term consolidation or a modest pullback before positioning for any further appreciating move. Nevertheless, the recent breakout through key barriers suggests that the path of...

JohnHarry_7 Updated 

On the flip side, bulls are likely to pause near the $2,830 area, or the record peak touched on Monday. Some follow-through buying, however, will set the stage for an extension of a well-established trend witnessed from the Decem Xauusd signal 2825 Resistance 2838

JohnHarry_7 Updated 

Gold price needs a sustained move above the $2,800 level to retest the all-time highs of $2,817. The next topside barrier is at the $2,850 psychological level. Xauusd resistance 2816 Resistance 2830

JohnHarry_7 Updated 

Gold price stands tall near fresh record highs after closing Thursday well beyond the symmetrical triangle target of $2,785 or the previous all-time high of $2,790. The 14-day Relative Strength Index (RSI) is currently near 68, suggesting that there is more room to the upside before Gold price enters the overbought territory at 70. The ongoing bounce in the US...

JohnHarry_7 Updated 

Gold price touches the $2,800 mark, or a fresh all-time peak during the early part of the European session, and seems poised to prolong its well-established uptrend witnessed over the past month or so. US President Donald Trump's threatened trade tariffs, along with geopolitical tensions, continue to underpin demand for the safe-haven bullion. Gold buy...

JohnHarry_7

GBP/USD holds lower ground below 1.2450 in the early European session on Thursday. Renewed US Dollar buying and a cautious market environment drags the pair lower. Traders refrain from placing big bets on the major ahead of the US Q4 advance GDP data release. The Relative Strength Index (RSI) indicator on the 4-hour chart holds slightly above 50 but moves...