Page 35 - Pivot Points News Today

4/12/2021 7:34:55 AM GMT GOLD has come to the point where it will be either continuation to the upside or move lower. At this point it is looking bullish. Consolidation between the ascending trend line and flat top has almost come to an end. Vortex of the consolidation pattern should soon break. V Shaped reversal brought the price higher and the 1740 zone should support the bulls. If we see the breakout first target will be 1751 followed by 1762 and 1779. As long as the price is above 1725, bul...

; Gold Price Analysis: Tide turns in favor of XAU/USD bulls, $1753 resistance eyed – Confluence DetectorNEWS | 4/8/2021 4:22:57 AM GMT | By Dhwani Mehta Gold (XAU/USD) is jumping back on the bids, as the US dollar resumes the corrective decline after the S&P 500 futures recorded another lifetime high. The FOMC minutes revealed that the Fed is likely to continue with its accommodative monetary policy, which poured cold water on the recent tightening bet...

; Gold Price Analysis: XAU/USD awaits fresh impetus ahead of FOMC minutes, levels to watch – Confluence DetectorNEWS | 4/7/2021 4:56:51 AM GMT | By Dhwani Mehta Gold (XAU/USD) is on the defensive so far this Wednesday, as the US Treasury yields attempt a comeback, snapping a three-day rout. The US dollar wallows in multi-day lows, as investors rethink the Fed rate hike expectation this year. The FOMC minutes are likely to offer fresh direction to gold....

Gold (XAU/USD) is edging higher in Tuesday’s trading so far, benefiting from falling Treasury yields and tepid risk tone. Markets appear to have turned

4/6/2021 7:56:31 AM GMT Gold is retracing mostly because of the AUD strength. The market went to resistance and I expect bearish  continuation. 1738-1746 zone should provide us with bearish rejection. W H3 is an additional level  which provides confluence to bearish gold outlook. 1-2-3 pattern is in play. Targets are 1725 followed by 1714, 1699 and eventual retest of 1672. I don’t expect all targets to be hit at once  but possibly during the week or next week. The analysis has been done w...

Gold (XAU/USD) is holding onto the recent recovery gains at around $1730 on Easter Monday, with thin trades offering little incentives. Meanwhile, strong

Gold Price Analysis: XAU/USD’s weekly close above $1729 keeps buyers hopeful – Confluence DetectorNEWS | 4/2/2021 6:23:55 AM GMT | By Dhwani Mehta The recovery in Gold (XAU/USD) from multi-month lows gathered steam on Thursday after the US dollar tumbled in tandem with the Treasury yields. Gold rallied over 1% to settle the holiday-shortened week above the critical resistance at $1729. Investors cheered strong US manufacturing data and President Bide...

Gold (XAU/USD) is struggling to extend its recovery momentum above $1700, as the US dollar clings onto the recent upside amid a cautious market mood.

4/1/2021 9:17:23 AM GMT Gold is in downtrend but we can see that the double bottom formation has formed and we could see a move to the upside. 1676 is the historical buying zone. If you scroll the Daily chart back in history, you will see that the same accumulation happened before in April 2020 so we could see a move up. However I don’t expect the move to be that strong as in 2020. What I see is a move towards 1738-46 where we could see short trades. So, watch for a move up then rejection in ...

; Gold Price Analysis: XAU/USD braces for $1,778 key hurdle on Fed day – Confluence DetectorNEWS | 3/17/2021 4:59:11 AM GMT | By Anil Panchal Gold picks up bids to $1,737.30, up 0.33% intraday, ahead of Wednesday’s European session as geopolitical risk catalysts join the US dollar’s pre-Fed dull performance. While Sino-American and US-Iran tussles are back in focus, challenges to the Federal Reserve Chairman Jerome Powell, in assuring traders of no...