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XAU-USD / Gold Technical: Holding Above 50-Day Moving Average

Gold Technical: Holding Above 50-Day Moving Average
Medium-term uptrend of Gold (XAU/USD) remains intact. Its recent slide of -1.7% from the 20 July 2023 high of US$1,987.53 has pull-backed close to its 50-day moving average. Short-term elements suggest a potential bullish reversal for Gold (XAU/USD) with key support at US$1,939. Gold (XAU/USD) has staged the bullish breakout above US$1,940 and rallied to […] The post Gold Technical: Holding Above 50-Day Moving Average appeared first on Action Forex... Read More
Posted: Jul 25 2023, 12:13
Author Name: actionforex
Views: 111471

XAU-USD News  

Gold (XAU/USD) Struggling to Push Higher, US Jobs Report Next

By dailyfx
November 3, 2023

Gold (XAU/USD) Struggling to Push Higher, US Jobs Report Next

Gold is stuck below $2k despite failing US Treasury yields and ongoing military action in Gaza. Will the latest US Jobs Report provide a catalyst for more_horizontal

Gold Price Forecast: XAU/USD loses momentum below $2,000, focus on Fed rate decision

By forextv
November 1, 2023

Gold Price Forecast: XAU/USD loses momentum below $2,000, focus on Fed rate decision

Gold price (XAU/USD) loses traction during the early Asian trading hours on Wednesday. The yellow metal hovers around $1,984 after facing rejection to more_horizontal

Gold (XAU/USD) Prices Flirt with $2000 Level, Eyeing the FOMC Meeting for Fresh Impetus

By dailyfx
October 31, 2023

Gold (XAU/USD) Prices Flirt with $2000 Level, Eyeing the FOMC Meeting for Fresh Impetus

Gold has struggled to hold above the $2000 mark as safe haven appeal does appear to have waned a bit. WIll the Fed provide Fresh Impetus for the Gold more_horizontal

S&P 500 and Gold (XAU/USD) Take Diverging Paths Ahead of a Raft of Data Releases

By dailyfx
October 30, 2023

S&P 500 and Gold (XAU/USD) Take Diverging Paths Ahead of a Raft of Data Releases

Sentiment has seen a slight improvement to start the week helping risk assets rise. Safe havens on the other hand are experiencing a pullback. Given t more_horizontal

EUR/USD at risk of fresh decline, Gold breaks $2K

By forextv
October 30, 2023

EUR/USD at risk of fresh decline, Gold breaks $2K

Gold Price (XAU/USD) gains momentum to the $2,003 psychological mark during the early Asian trading hours on Monday. The yellow metal rose above the $ more_horizontal

Gold Prices Forecast: Steady Amid Middle East Unrest, US Economic Strength

By forextv
October 27, 2023

Gold Prices Forecast: Steady Amid Middle East Unrest, US Economic Strength

Gold (XAU/USD) remains steady, influenced by Middle East tensions and U.S. economic strength, as the Federal Reserve considers potential rate hikes. T more_horizontal

Gold price retreats as its appeal diminishes after upbeat US GDP, Durable Goods Orders data

By forextv
October 26, 2023

Gold price retreats as its appeal diminishes after upbeat US GDP, Durable Goods Orders data

Gold price (XAU/USD) prints a fresh three-day high as confirmation from Israeli Prime Minister Benjamin Netanyahu that the Israeli army is prepared fo more_horizontal

Gold price rises as Israeli army determines to demolish Hamas in Gaza, US Q3 GDP eyed

By forextv
October 26, 2023

Gold price rises as Israeli army determines to demolish Hamas in Gaza, US Q3 GDP eyed

Gold price (XAU/USD) prints a fresh three-day high as confirmation from Israeli Prime Minister Benjamin Netanyahu that the Israeli army is prepared fo more_horizontal


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