Gold price consolidates the rebound below $2,400 amid risk-aversion. Dollar gains on strong US Retail Sales data despite easing Middle East tensions.
Will Gold reclaim $2,400 ahead of Powell speech?
As observed on the four-hour chart, Gold price is holding comfortably above the 21-Simple Moving Average (SMA) at $2,363, having reclaimed that barrier in Monday’s North American trading.
The Relative Strength Index (RSI) is pointing north while above the 50 level, currently near 61.0, justifying the latest move higher.
If buying momentum gains traction, immediate resistance is seen at the $2,400 round figure, above which the record high of $2,432 will be retested.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.\
gold now 2371
tp1 2375
tp2 2379
tp3 2383
tp4 2400
Will Gold reclaim $2,400 ahead of Powell speech?
As observed on the four-hour chart, Gold price is holding comfortably above the 21-Simple Moving Average (SMA) at $2,363, having reclaimed that barrier in Monday’s North American trading.
The Relative Strength Index (RSI) is pointing north while above the 50 level, currently near 61.0, justifying the latest move higher.
If buying momentum gains traction, immediate resistance is seen at the $2,400 round figure, above which the record high of $2,432 will be retested.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.\
gold now 2371
tp1 2375
tp2 2379
tp3 2383
tp4 2400
Note
gold buyNote
follow my signalNote
confirm my chartNote
gold buy 10 pips doneNote
gold buy 20 pips doneNote
gold buy 30 pips doneNote
tp1 hit 40 pips doneNote
check my signalNote
confirm gold buyNote
gold buyNote
tp2 hit 80 pips doneNote
tp3 hit 120 pips doneNote
gold buy 130 pips doneNote
gold buy 140 pips doneNote
gold buy 150 pips doneNote
gold buy 160 pips doneNote
gold buy pips doneNote
gold buy 200 pips doneNote
gold buy 22o pips doneNote
check my signalNote
follow my chartNote
gold buy signalNote
xauusdNote
follow my signalNote
gold buy 230 pips doneNote
gold buy 240 pips doneNote
gold buy 250 pips doneNote
gold buy 260 pips doneNote
follow my signal
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.