Friday's rally in gold price extended into the new week, with the metal continuing to test a potential resistance level. Both the $4,435 and $4,500 levels are near immediate resistance on the charts. Additionally, buyers have become more aggressive on the buy side since the metal dipped off its previous level. In the bigger picture,…
Gold is trading at a two-month high on Wednesday as July inflation beat estimates. The report was a relief to the Fed, easing concerns about raising its rate. The price of gold futures rose 0.8 percent to $4,478 an ounce, continuing its rally in a fourth session. Traders reacted to the report with silver falling…
Gold traded around $4,383 on August 11 as intra-session strength lost steam below the psychologically important $4,400 figure. The session variation stood around 0.03% lower at 14:03 UTC on TradingView’s data. Price Action the traded created a widened range, from highs around $4,430 to lows around $4,340 throughout the 24- hour cycle to press time.…
Buyers bought off the support, but the rebound failed under the falling trend line. This leaves gold stuck between near-term demand and the broader bear structure. Gold traded in a narrow range after hitting the $4,020 level during the US session. One analyst cited resurgent geopolitical tensions with Iran for the move. A number of…
The gold price has stabilized at around $4,070 following a recent dip in value. Traders are keen to see if gold could maintain support above this level after the current consolidating formation. The charts reflect a current pause in selling after a slight slide from earlier highs, with prices remaining on support following an initial…
Gold has re-emerged above the $4,000 psychological level after a powerful bounce back from the session low. Prices have moved closer to the resistance level at $4020-$4025 after a strong intraday move, and investors wonder whether they can successfully cross above the $4,000 mark and further proceed to recover. Gold Price Recovers After a Sharp…
Momentum trading signals are mixed, and traders are evaluating recent bullish/bearish price action. Traders are closely watching key support and resistance levels as gold (XAU/USD) remains in a volatile range just above $4,120. Price action continues to be driven by short-term technical setups and intraday market action. Investors are waiting for direction changes to take…
Tether has launched Alloy, a synthetic dollar product backed by Tether Gold, in a move that pushes the stablecoin issuer further beyond simple dollar tokens. For more details, visit the official Tether platform. TL;DR Tether has introduced Alloy and its aUSDT synthetic dollar product.The product is backed by Tether Gold (XAUt) rather than traditional cash…
Gold has bounced off of its recent lows as buyers appear around the $4,000 price zone, but technical traders aren't sure if the rebound is the start of a bigger reversal or simply the latest rally within a longer-term downtrend. Now, several independent chart studies are converging in that same spot to identify it as…
While renewed concerns over energy supply disruptions have helped lift oil prices, gold is also drawing renewed attention as traders evaluate whether safe-haven demand can push the precious metal toward the key $4,100 resistance zone. At the same time, ongoing technical weakness suggests that bullion still faces important hurdles before a sustained recovery can develop.…