Gold meets resistance and there are prospects of a significant correction. US dollar pressured by falling US Treasury yields. Gold prices were elevated again on Thursday as the US dollar dipped to a fresh low on the back of sliding US yields. At the time of writing, XAU/USD is trading at

A combination of factors kept a lid on any meaningful upside for gold on Thursday.Bouncing US bond yields underpinned the USD and weighed on the commodity.Bearish traders seemed reluctant ahead of the Fed Chair Jerome Powell’s speech. Gold remained depressed through the Asian session on Thursday, al

Gold witnessed a modest pullback from the $1,745-46 supply zone during the Asian session on Wednesday and eroded a part of the overnight gains to two-week tops. As FXStreet’s Haresh Menghani notes, XAU/USD bulls turn cautious ahead of FOMC minutes. Gold Price Analysis: XAU/USD set to average $1800 i

Gold looks for acceptance above 200-SMA at $1736 on the 4H chart.The RSI stay well above the midline, allowing more gains.US dollar weakness to aid the recovery momentum in XAU/USD. Gold (XAU/USD) is bracing for another leg to the upside, as the bulls look to extend the recovery from three-wee

Gold’s double-bottom reversal on the 1D chart to meet strong offers at $1736.The RSI stays below the midline, pointing to the limited upside.Risk-on mood persists amid Easter Monday trading, eyes on US ISM Services. Gold (XAU/USD) is struggling to extend its last week’s recovery on Easte

Gold pauses after two-day recovery, between $1,725 and $1,730.US dollar weakness, backed by bond buyers, favored gold upside.Good Friday holiday locks in the market moves.US NFP, Treasury yields become the key to watch. Gold awaits fresh moves while keeping the latest run-up to around $1,730 during

Gold sellers attack intraday low while easing from short-term key hurdle.A convergence of 100-HMA, one-week-old resistance line guards immediate upside.200-HMA also tests the bulls, $1,688 lures intraday sellers. Gold prices drop to $1,706 during the latest pullback on early Thursday. The yellow met

Gold witnessed heavy selling for the second-straight session on Tuesday.The stage seems set for a slide back towards retesting multi-month lows. Gold added to the previous day's losses and witnessed some follow-through selling for the second consecutive session on Tuesday. The downward momentum drag

Gold fades bounce off 12-day low, eases from intraday high off-late.Receding bullish signals from MACD, downside break of 21-day SMA direct sellers toward March 12 low.10-day SMA, two-month-old falling trend line add to the upside filters. Following its failures to rise past-$1,714.46, gold prices d

Gold fades bounce off intraday low amid quiet session.S&P 500 Futures drop 0.50%, DXY struggles to keep the gap-up opening.US-China trade fears, virus woes on Europe and Australia weigh on sentiment.Geopolitical catalysts from the Middle East, Asia add to the risk-off mood. Despite failing to ex

Gold fails to keep Thursday’s bounce, refreshes intraday low.Downbeat momentum, extended trading below 200-SMA suggest confirmation of bearish chart pattern is on the way.100-SMA adds to the downside filters, monthly top offers extra resistance. Gold drops to the fresh intraday low around $1,726, do

Gold eases inside a choppy range around the key moving average.Normal RSI conditions also tame directional moves between $1,725-38.61.8% Fibonacci retracement, monthly high act as extra filters beyond the triangle. Gold prices refrain from breaking the less than $5 intraday range, bouncing off lows

Gold consolidates recent losses in a choppy range around $1,730. Market sentiment stays heavy amid mixed signals from Fed, geopolitical tussle. Strong US dollar weigh on the yellow metal, American data, risk-catalysts eyed. Gold remains depressed in a $4.00 trading range, currently down near $1,726,

XAU/USD consolidates between familiar structure.Bulls look to a break of current resistance while bears test bullish commitments at key support. ccording to Ross J Burland from FX Street, Gold is at a crossroads as the price consolidates between short term support and resistance. The fol

Gold bounces off intraday low but keeps flirting with 11-week-old trend line resistance.10-day SMA, bullish MACD tests latest downside, bulls have a bumpy road ahead. Gold portrays a corrective pullback from the day’s low of $1,732.61, currently down 0.50% near $1,737, during early Monday. In doing