Gold Markets Continue Showing Resistance: XAUUSD gold trading goldpricetoday goldprice
had dropped quite significantly, and that makes gold much more attractive as yields in the paper market do not offer as much of a return. That being said, I would be a bit hesitant to jump into this market right away, because there’s so much noise in the bond market. After all, the bond market drives everything, as it can give you an idea as to whether or not there is a lot of risk-taking out there, or if people are running for safety.
However, it’s not really until we break above the $1815 level that we clear all of that. If that happens, I would anticipate the gold would go looking toOn the other hand, breaking down from here could open up and move down to the $1750 level, which is an area that previously had been resistant. In general, when you look at this market you can see that there has been a lot more volatility as of late, and it suggests that we are in fact going to continue to see noisy behavior, perhaps a pullback.
In the short term, it looks like a pullback is more likely than not, so I would not be surprised to see traders take profits heading into the weekend.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Forecast: Markets Run into Brick WallGold markets were very noisy on Wednesday as the CPI number came out a bit cooler than anticipated.
Read more »
ETH/USD Forecast: Ethereum Continues to Threaten ResistanceEthereum rallied again Monday as traders continue to bet on the upgrade coming down the road as a positive sign.
Read more »
Gold Price Forecast: XAU/USD needs a break below $1,784 to extend the correction – Confluence DetectorGold price is keeping the corrective momentum intact, as it remains below the $1,800 mark. The bright metal is on its retreat from monthly highs of $1
Read more »
Gold Price Forecast: XAU/USD sellers are lurkingility – TDSXAU/USD is keeping the corrective momentum intact, as it remains below the $1,800 mark. In the view of strategists at TD Securities, gold’s price acti
Read more »
Gold Price Forecast: XAUUSD backs away from $1800 as US yields soarGold turned negative for the day after a reversal from near $1800. XAUUSD peaked at $1799 during the American session and then turned to the downside
Read more »
Gold Price Forecast: XAU/USD stays defensive above $1,780 support, US Michigan CSI eyedGold price (XAU/USD) remains sidelined at around $1,790 heading into Friday’s European session as traders seek fresh clues to overcome the dilemma sur
Read more »