Gold bulls recapture 200-DMA, more gains likely? by Dhwani286 gold commodities bull
after lurking below the latter so far this week. The bright metal jumped as much as 1.5% to test the $1,850 barrier before easing to settle the day at $1,842.
Gold Price is headed for the first weekly gain in five weeks this Friday, despite posting small losses, in the wake of a sharp rebound in the. The dollar recovers its ground even though risk sentiment remains in a fairly better spot, with the S&P 500 futures up 0.65% on the day.
Although it remains to be seen if bulls can retain control, as the 14-day Relative Strength Index continues to inch lower below the midline. Alternatively, five-day highs of $1,849 will be retested on buying resurgence, reopening the upside towards the bearish 21-DMA at $1,862.price is likely to keep its choppy trend intact around the 200-DMA heading into the weekly closing.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/JPY Price Analysis: Plummets 200-pips and the head-and-shoulders pattern remains in playEUR/JPY Price Analysis: Plummets 200-pips and the head-and-shoulders pattern remains in play By christianborjon EURJPY Crosses Technical Analysis Sentiment
Read more »
Gold Price Forecast: XAU/USD grinds lower towards $1,800 on sour sentimentGold (XAU/USD) treads water at around $1,816 as traders remain divided over the precious metal’s outlook, due to its hedge-against-inflation status. I
Read more »
Gold Price Forecast: XAU/USD trades lackluster despite gloomy market mood, DXY below 104.00Gold Price Forecast: XAU/USD trades lackluster despite gloomy market mood, DXY below 104.00 By Sagar_Dua24 Gold XAUUSD DollarIndex Fed Inflation
Read more »
Gold Price Forecast: XAU/USD stays on bear’s radar below $1,834 – Confluence DetectorGold Price Forecast: XAU/USD stays on bear’s radar below $1,834 – Confluence Detector By anilpanchal7 Gold XAUUSD Confluences RiskAppetite Commodities
Read more »
Gold Price Forecast: XAUUSD remains depressed around $1,810 area amid fresh USD buyingGold edged lower for the second successive day on Wednesday and extended the previous day's rejection slide from the very important 200-day SMA. The X
Read more »
Gold Price Forecast: XAU/USD suffers from clinging above $1800 amidst risk-aversionGold Price Forecast: XAU/USD suffers from clinging above $1800 amidst risk-aversion By christianborjon Gold XAUUSD Commodities Metals Macroeconomics
Read more »