Gold price is making a minor recovery attempt early Tuesday after witnessing a negative start to the week on Monday.
Gold price picks up fresh bids, despite a risk-on market sentiment. The US Dollar attempts a bounce even as the US Treasury bond yields turn south again. The path of least resistance appears down for Gold price amid a Bear Cross and a bearish RSI. US Retail Sales data and Fed speak remain on Gold traders’ radars.
Alternatively, any rebound in Gold price will need acceptance above the aforementioned key confluence support-turned-resistance near $2,345. Gold buyers will then flex their muscles toward the May 24 high of $2,364 on their way to the June 7 high of $2,388. Gold FAQs Why do people invest in Gold? Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange.
XAUUSD Retailsales Fed Commodities
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD holds below $2,300 as China stops buying gold, US Dollar reboundsGold price (XAU/USD) trims losses near $2,295 despite the stronger US Dollar (USD) on Monday during the early Asian session.
Read more »
Gold Price Forecast: XAU/USD plummets amid Harmony Gold newsHarmony Gold, the largest gold mining company in SA interrupted blasting operations after a fatal accident.
Read more »
Gold Price Forecast: XAU/USD remains stuck in range above $2,400 ahead of Fed MinutesGold price is trading back and forth in a tight range above $2,400 early Wednesday, consolidating the previous losses.
Read more »
Gold Price Forecast: XAU/USD pressuring the upper end of its weekly rangeXAU/USD trades at the upper end of its weekly range, just above the $2,350 mark, following the release of mixed United States (US) figures.
Read more »
Gold Price Forecast: XAU/USD awaits US employment data for the range breakoutGold price is facing a modest selling pressure near $2,355 in Asian trading on Tuesday, pausing its solid rebound staged a day ago.
Read more »
Gold Price Forecast: XAU/USD remains stuck in range, awaits US PCE inflation for clear directionGold price is consolidating the previous bounce but remains confined in a narrow range near $2,350 early Friday.
Read more »