Strategy and signals OANDA:XAUUSD ✅As per our Technical Confluence indicator, the Gold Price floats within a $40 region multiple resistance area ahead of this week’s top-tier US inflation and employment clues. ✅That said, a convergence of the Pivot Point one-day R1 and the previous daily high guards the immediate recovery of the Gold Price near $1,928. ...
OANDA:XAUUSD The US dollar is looking to stabilize after the Fed's near-weekly drop, limiting Gold's attempt to recover. A fresh rise in US Treasury yields helped bids below the US Dollar. However, a risk-on rally across Asia indices on rising expectations of Chinese stimulus could keep the Greenback bulls in check, supporting Gold prices. China's official...
OANDA:XAUUSD Gold price does not work around 1960$ support turned resistance level including 100-DMA and 61.8% Fibonacci convergence in one day and one week. The possibility of XAU/USD breaking above the 1,960$ barrier combines with the upbeat sentiment and a pullback in the US Dollar to keep buyers hopeful of breaking the 1,970$ resistance confluence that...