Gold price is treading waters below $1,850 as risk-off flows dominate. US Treasury yields and DXY rebound as the Fed meeting begins on Tuesday. DeathCross confirmation awaited on a daily closing basis, within a rising wedge. Trading FX
US Treasury yields and DXY rebound as the Fed meeting begins on Tuesday.Gold price resumed its uptrend after the recent correction on Tuesday, as bulls fought back control amid a flight-to-safety theme across the financial markets. Heightened geopolitical tensions between Russia and Ukraine, with NATO deploying forces on standby and reinforcing eastern Europe with more ships and fighter jets, spooked investors, as they sought shelter in the traditional safe-haven, gold.
Gold traders are now awaiting the death cross confirmation on a daily closing basis for placing any fresh directional bets. The bullish 21-DMA at $1,818 will then come to the rescue of gold buyers. Further south, January 19 lows of $1,810 will be the next downside target. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD approaches $1,848 yearly hurdle as risk sentiment dwindlesGold (XAU/USD) holds on to the week-start rebound towards the yearly resistance line, dribbles around $1,842 during early Tuesday morning in Europe. M
Read more »
Gold Price Forecast: XAU/USD steady around $1838 despite broad USD strengthGold Price Forecast: XAU/USD steady around $1838 despite broad USD strength By christianborjon Gold XAUUSD Macroeconomics Technical Analysis Sentiment
Read more »
Gold Price Prediction: XAU/USD bets on reaching 1,855.31 at start of the week, trading opportunityGold has been holding onto its gains as a new week kicks off. A bullish scenario is emerging in the short term, providing an opportunity. XAUUSD Forecast
Read more »
Gold Forecast, News and Analysis - FXStreetCheck our updated for Gold News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News
Read more »
Elden Ring Has Gone GoldElden Ring has officially gone gold, a special broadcast from Bandai Namco as part of the Taipei [...]
Read more »
Gold Futures: Near-term rebound on the cardsCME Group’s flash data for gold futures markets noted open interest shrank by around 3.9K contracts on Friday after four consecutive daily builds. In
Read more »