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Gold Price Analysis: XAU/USD battles support, eyes $1,1913 – Confluence Detector


6/2/2021 2:02:42 PM GMT
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By Yohay Elam
Gold has been clawing its way back above the round $1,900 level.
The Confluence Detector shows that the precious metal is trading in 
It seems impossible to keep XAU/USD down for too long – the precious metal has staged a comeback and trades above the $1,900 at the time of writing. The dip below that level was triggered by robust US data, especially signs of rising inflation. While the precious metal is often seen as a hedge against rising prices, the specter of rate hikes from the Federal Reserve makes the yieldless gold less attractive. 
As the debate continues, the charts are pointing to a clear range.  ....

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Gold Price Analysis: XAU/USD bulls eye $1,850 after surging above $1,800 – Confluence Detector


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Gold Price Analysis: XAU/USD bulls eye $1,850 after surging above $1,800 – Confluence DetectorNEWS |
5/6/2021 2:09:32 PM GMT
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By Yohay Elam
Gold has broken above the $1,800 mark, hitting the highest levels since February.
The Confluence Detector is showing that XAU/USD has very few barriers through $1,850.
It has finally happened – Gold has staged a convincing break above the $1,800, hitting a high of $1,813.63 at the time of writing. Falling US Treasury yields have prompted investors to buy gold, and cascading stop-losses have also been attributed to the upswing in the price of the precious metal.
How is gold positioned on the technical charts? Examining clusters of support and resistance lines can help provide answers.  ....

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Gold Price Analysis: Gold has broken above the $1,800 mark, highest levels since February


May 6, 2021 16:21 GMTFXStreet News
Gold has broken above the $1,800 mark, hitting the highest levels since February.
The Confluence Detector is showing that XAU/USD has very few barriers through $1,850.
Update: 
Gold Price Analysis: XAU/USD bulls eye $1,850 after surging above $1,800 – Confluence Detector
It has finally happened – Gold has staged a convincing break above the $1,800, hitting a high of $1,813.63 at the time of writing. Falling US Treasury yields have prompted investors to buy gold, and cascading stop-losses have also been attributed to the upswing in the price of the precious metal.
How is gold positioned on the technical charts? Examining clusters of support and resistance lines can help provide answers.  ....

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