Gold risks deeper pullback as Fed decision approaches
Gold failed to break above $4,500 and corrected lower, dipping below $4,450 and testing the $4,250 support zone. A bearish trend line at $4,355 is capping near-term gains.
Gold Market
Tagged: technical analysis
Gold price under pressure as Fed rate hike looms and dollar strengthens
Gold trades near $4,300, well below last month's peak, as the Fed prepares a likely rate hike and the US dollar rallies. Market awaits Wednesday's decision.
Gold price stalls near $4,330 as markets brace for Fed rate decision
Gold is subdued around $4,330 at the start of a key week for the Federal Reserve. Rate hike expectations and rising bond yields are weighing on the precious metal.
Gold’s weekly long trend under pressure after three down weeks
Gold’s weekly parabolic long trend, confirmed in mid-August, is showing signs of fatigue after three consecutive down weeks. The FOMC meeting and inflation data may decide its fate.
Gold stabilises after sharp drop as traders await US inflation data
Gold stabilised on Friday after a sharp 2% drop, with traders eyeing US inflation data for clues on the Fed's next move. Key technical support at $4319 is being tested.
Gold holds above $4,400 as markets eye US inflation data
Gold has recovered above $4,400 after touching one-week lows near $4,350. Traders now await US PPI and CPI data for direction, while technical levels highlight resistance at $4,463 and support at $4,340.
Gold bounces off one-week low but upside remains capped
Gold recovered from one-week lows near $4,350 early Wednesday, but the rebound looks fragile as Middle East tensions persist and traders eye US inflation data due this week.
Gold rebounds towards $4,450 as US dollar weakness persists
Gold rebounded early Tuesday, recovering from a two-day slide as the US dollar softened broadly. The metal found buyers below $4,400 and now eyes the 21-day SMA near $4,465.
Gold slips on oil price surge and inflation jitters ahead of US CPI
Gold fell on Tuesday as rising oil prices and geopolitical tensions took centre stage, with traders turning their attention to upcoming US inflation reports.