JohnHarry_7

JohnHarry_7

Gold price extends its consolidative price move in the weekly trading range. The Fed’s hawkish pause acts as a headwind for the non-yielding commodity. Sliding US bond yields keep the USD bulls on the defensive and lend support. Gold now sell 2766 Support 2740

JohnHarry_7

The first line of support remains at $2,721, a sort of double top in November and December broken on January 21. Just below that, $2,709 (October 23, 2024, low) is in focus as a second nearby support. In case both abovementioned levels snap, look for a dive back to $2,680 with a full-swing sell-off. Xauusd sell 2747 TP1 2740 TP2 2730 Target 2720

JohnHarry_7 Updated 

Gold price sticks to positive bias for the third successive day on Wednesday and trades near its highest level since November 1 above $2,750. The uncertainty around US President Donald Trump's trade policies turns out to be a key factor that continues to drive haven flows towards the precious metal. Gold now sell 2758 Support 2740 Target 2725

JohnHarry_7

Gold price (XAU/USD) retreats slightly after touching its highest level since November 6 during the early European session on Tuesday and currently trades just below the $2,725 area, still up over 0.50% for the day. Xauusd sell 2727 Support 2701

JohnHarry_7 Updated 

The daily improvement in the Greenback motivates Gold prices to give away part of the weekly strong advance and slip back to the vicinity of the $2,700 region per troy ounce at the end of the week. The short-term technical outlook for Gold price continues to favor of Gold buyers as the previous week’s symmetrical triangle breakout remains in play and the yellow...

JohnHarry_7 Updated 

Gold’s price slightly retraces but holds above the $2,700 level on Friday, with some profit-taking occurring after its three-day rally this week. Fed governor Christopher Waller spooked traders by commenting on Thursday that a March interest rate cut should not be ruled out. Xauusd buy signal 2711 TP1 2715 TP2 2725 Support zone 2735 Stop loss 2700

JohnHarry_7 Updated 

Gold price must seek a daily candlestick closing above the $2,700 barrier to initiate a fresh uptrend toward the $2,750 psychological level Gold now buy 2699 Target 2735 The short-term technical outlook for Gold price continues to support Gold buyers, courtesy of last week’s symmetrical triangle breakout. Gold signal

JohnHarry_7 Updated 

Gold price trades with a mild negative bias during the first half of the European session and for now, seems to have snapped a four-day winning streak to a one-month high touched on Friday. The upbeat US NFP report reinforced market expectations that the Fed will pause its rate-cutting cycle later this month. Xauusd buy 2666 Support 2675 Support 2680 Target. ...

JohnHarry_7 Updated 

Gold price (XAU/USD) gains some follow-through positive traction for the fourth consecutive day and trades at its highest level in nearly a month above $2,680. Market focus shifts to US labor market data, which will feature Nonfarm Payrolls and wage inflation figures. Xauusd buy 2680 Support 2700 Target 2710 Gold climbs to fresh multi-week high above $2,680...

JohnHarry_7

Gold price turns positive for the third straight day and draws support from a combination of factors. Geopolitical risks, trade war fears and retreating US bond yields lend support to the XAU/USD pair. Xauusd now sell 2666 Support 2652 Support 2640

JohnHarry_7 Updated 

Gold price (XAU/USD) fluctuates in a narrow range at around $2,650 on Wednesday. The benchmark 10-year US Treasury bond yield holds at its highest level since late April near 4.7%, making it difficult for XAU/USD ahead of FOMC Minutes. Xauusd sell 2658 Support 2640

JohnHarry_7 Updated 

Following Monday's indecisive action, Gold gains traction and rises to the $2,650 area. With the benchmark 10-year US Treasury bond yield holding above 4.6% ahead of key US data releases, however, XAU/USD struggles to gather bullish momentum. Xauusd sell 2652 Target 2610

JohnHarry_7 Updated 

Gold price attracts some follow-through sellers at the start of a new week and retreats further from a nearly three-week high, around the $2,665 region touched on Friday. The prospects for slower Fed rate cuts in 2025 keep US Treasury bond yields elevated, undermining the non-yielding yellow metal. Xauusd buy 2625 Support 2635 Support 2645 Samll sell

JohnHarry_7 Updated 

Gold shed some ground on Friday after rising more than 1% on Thursday. The benchmark 10-year US Treasury bond yield trimmed pre-opening losses and stands at around 4.57%, undermining demand for the bright metal. Market players await next week's first-tier data Gold price trades near $2,660.00 per troy ounce on Friday, with the daily chart signaling an emergence...

JohnHarry_7 Updated 

Gold price reverses earlier gains and returns to the red near $2,650 in Friday's European trading. US President Biden discussed contingency plans to strike Iran’s nuclear facilities, which helped Gold price sustain its upswing. But sellers returned amid profit-taking ahead of top-tier US PMI data. Xauusd sell 2654 Support 2630 Support 2620

JohnHarry_7 Updated 

Gold price rises for the third consecutive session on Thursday, following a more than 27% increase in 2024, marking its best performance since 2010. This upward momentum has been driven by US monetary easing, persistent geopolitical tensions, and record central bank purchases. Xauusd sell 2636 Support 2620 Target 2612 Small sell Risk sell

JohnHarry_7

USD/JPY extends its losses for the third consecutive session on New Year’s Eve, trading around 156.20 during early European hours on Tuesday. However, the Japanese Yen (JPY) is headed for a decline of over 10% in 2024, marking its fourth straight year of weakening against the US Dollar (USD) On the upside, the USD/JPY pair may retest its monthly high of 158.08,...

JohnHarry_7 Updated 

After posting losses for two consecutive days, Gold found support near $2,600 and staged a rebound early Tuesday. As investors refrain from taking large positions ahead of the New Year Day holiday, XAU/USD clings to daily gains at around $2,620. Gold now buy 2611 Support 2640