Gold Retreats to 1979 Support with Dollar Strength, Eyes Market Dynamics This Week
Following Friday's data and a shift in market sentiment, the price of gold is weakening and moving towards its next support level at 1979.
Read MoreFollowing Friday's data and a shift in market sentiment, the price of gold is weakening and moving towards its next support level at 1979.
Read MoreGold has continued to recover for the third straight day, while investors wait for the release of today's NFP (Nonfarm Payroll) Data, which is expected to influence its direction.
Read MoreGold, after two days of a strong correction, is returning to its upward trend.
Read MoreGold corrected towards the 2027 support level and the 0.5 Fibonacci retracement.
Read MoreThe gold price surpassed its previous high from the pandemic period, fueled by growing expectations of interest rate cuts in the US in the coming year.
Read MoreGold has moved significantly, reaching 2146 before stabilizing at 2120 and then falling back to 2080.
Read MoreGold is potentially forming a reversal pattern after reaching the resistance level of 2053.
Read MoreGold is showing a modestly positive performance today, in line with the muted performance of the dollar and treasury yields.
Read MoreThe bullish momentum in gold persists today, as the metal successfully breaches the 2006 resistance level and advances towards the next target at 2037.
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