JohnHarry_7

JohnHarry_7

USD/JPYhas regained 150.00 in Wednesday's Asian session, looking to extend the latest leg higheer. Increased haven demand for the US Dollar on growing tariff war fears underpins the pair despite bets for a December BoJ rate hike. US ADP data and Powell's speech are eagerly awaited

JohnHarry_7 Updated 

From a technical point of view, XAU/USD remains confined to familiar levels, still struggling to find a directional way. In the daily chart, the pair struggles around a mildly bearish 20 Simple Moving Average (SMA) while the 100 and 200 SMAs maintain their bullish slopes well below the current level. Technical indicators, however, have turned flat at around their...

JohnHarry_7 Updated 

Gold price remains heavily offered tone through the early European session and is currently placed near the lower end of its daily range, around the $2,629 region. This marks the first day of a negative move in the previous five and is sponsored by a combination of factors. Gold now sell 2635 Support 2621 Support 2610

JohnHarry_7 Updated 

If Gold buyers fail to find acceptance above the 50-day SMA at $2,670 on a daily closing basis, sellers will likely jump back, sending the bright metal back toward the previous day’s low of $2,621 Gold retreats from the daily high it set above $2,660 but manages to stay afloat in positive territory at around $2,650 Confirm signal weekly Gold now sell...

JohnHarry_7 Updated 

If Gold buyers fail to find acceptance above the 50-day SMA at $2,670 on a daily closing basis, sellers will likely jump back, sending the bright metal back toward the previous day’s low of $2,621. Gold now buy 2661 Support 2670 Support 2685

JohnHarry_7 Updated 

Gold (XAU/USD) reverses an intraday dip to the $2,620 area and trades near $2,650 on Thursday, albeit it lacks bullish conviction. Investors remain concerned that US President-elect Donald Trump's tariff plans will impact the global economic outlook. Gold now buy 2646 Support 2660 Support 2668

JohnHarry_7 Updated 

Gold price (XAU/USD) builds on the overnight bonce from the $2,600 neighborhood, or a one-week low and gains some follow-through positive traction for the second straight day on Wednesday. Concerns about persistent geopolitical risks stemming from the protracted Russia-Ukraine war and US President-elect Donald Trump's tariff plans turn out to be key factors...

JohnHarry_7 Updated 

At the time of writing, Gold price is consolidating the bounce near $2,625 as buyers stay cautious amid an impending Bear Cross Gold now buy 2613 Support 2631 Support 2641 Confirm signal follow my chart

JohnHarry_7

GBP/USD churned chart paper near the 1.2600 handle, finding thin gains through the day’s market window but failing to recapture the technical level as market flows do little to bolster the Pound Sterling GBP/USD remains hobbled on the south side of the 1.2600 handle, churning bids north of 1.2500 as the pair finds some breathing room after another leg lower from...

JohnHarry_7 Updated 

The overnight breakout above the $2,665 confluence – comprising the 50% retracement level of the recent pullback from the all-time peak and the 100-period Simple Moving Average (SMA) on the 4-hour chart – was seen as a key trigger for bulls. Adding to this, technical indicators on the daily chart have again started gaining positive traction and support prospects...

JohnHarry_7 Updated 

Gold buyers need a daily candlestick closing above the 50-day SMA at $2,660 to unleash additional recovery toward the 21-day SMA at $2,680 Gold now buy 2666 Support 2675 Support 2685

JohnHarry_7 Updated 

Gold price retreats after touching a one-and-half-week top earlier this Wednesday and drops to a fresh daily low, below the $2,630 level heading into the European session. A goodish pickup in the US Treasury bond yields, bolstered by bets for a less aggressive policy easing by the Fed, revives the USD demand and undermines demand for the non-yielding yellow metal....

JohnHarry_7 Updated 

Gold could run into sellers at $2,655 on the road to recovery The immediate resistance is seen at the $2,630 round number, above which a strong topside barrier aligns at the 50-day Simple Moving Average (SMA) at $2,655. Gold now buy 2618 Support 2632 Support 2651 Resistance 2602 Resistance 2590

JohnHarry_7

GBP/USD tapped multi-month lows at the 1.2600 handle last Friday, in a complete reversal of the pair’s multi-year highs set in September of this year. The pair shed 6.25% top-to-bottom from September’s peak at 1.3434, and a near-term bullish bounce could see a fresh round of short positions collecting between 1.2700 and 1.2800. Gbpusd signal

JohnHarry_7 Updated 

Gold price gains some positive traction but stays below $2,600 early Monday, snapping a six-day losing streak. Russia-Ukraine geopolitical risks benefit the safe-haven metal amid a subdued US Dollar demand. Bets for less aggressive Fed rate cuts and elevated US bond yields cap further gains. Gold now buy 2583 Support 2593 Support 2603

JohnHarry_7 Updated 

Gold trades little changed on Friday, holding steady in the $2,560s after making a slight recovery from the two-month lows reached on the previous day. A stronger US Dollar continues to put pressure on Gold since it is mainly priced and traded in the US currency. Gold sell support 2536 Support 2518 Support 2491 Support 2473 Resistance 2585 Resistance 2601

JohnHarry_7 Updated 

Gold price bounced off the important support at $2,641, which is the confluence of the 50-day Simple Moving Average (SMA) and the 78.6% Fibo level of the latest record rally from the October 10 low of $2,604 to the new all-time high of $2,790. Gold now sell 2685 Support 2660 Support 2630 Resistance 2705

JohnHarry_7

Gold price is seeing a dead cat bounce from three-week lows of $2,644 in Asian trading on Thursday, as the dust settles in the aftermath of a massive sell-off, fuelled by Republican candidate Donald Trump’s victory in the US presidential race. Gold now sell 2660 Support 2630 Support 2595