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Positive price actions in Gold (XAU/USD) as it reintegrated back above its 20-day moving average. A continuation of the medium-term bearish trend on the US 10-year Treasury real yield below 1.82% key resistance may add further bullish impetus for Gold. A rise in geopolitical risk premium may also support a firmer Gold. Watch the US$2,015 […]

The post Gold: Potential Bullish Breakout from 6-Week Range appeared first on Action Forex.

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17/04/2024

XAU/USD: Gold Steadies Near $2,400 Barrier

Gold regained traction after a $100 per ounce pullback from new record high last week and pressuring again psychological $2400 barrier. Overall sentiment remains positive as geopolitical tensions and fears that the conflict in the Middle East can escalate, continue to fuel safe-haven demand and offset pressure on metal’s price from higher dollar. Recent pullback, […]
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USDJPY Weakens Amid Rate Cut Speculation

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