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Gold Price Analysis: XAU/USD bulls face an uphill battle, a dead cat bounce? – Confluence Detector

; Gold Price Analysis: XAU/USD bulls face an uphill battle, a dead cat bounce? – Confluence DetectorNEWS | 3/2/2021 5:20:01 AM GMT | By Dhwani Mehta Gold (XAU/USD) is nursing losses after a sharp $16 drop witnessed in early Asia, as the prices hit the lowest levels since June 2020 at $1710.50. The yellow metal remains in the red for the fourth straight day on Tuesday, as the US dollar continues to draw bids amid strong US ISM Manufacturing PMI and broa...
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Gold Price Analysis: XAU/USD has significant support only at $1,712 – Confluence Detector

2/26/2021 4:06:26 PM GMT | By Yohay Elam Gold is suffering a meltdown – alongside stocks – as US Treasury yields are surging on elevated growth and inflation forecasts. The precious metal has no yield and investors seem more attracted to Bitcoin these days. Where will it stop? In the meantime, here is how XAU/USD is positioned on the charts. The Technical Confluences Detector is showing that gold has some support at $ 1,725, which is the convergence...
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