Gold maintained its strongly offered tone during the first North American session. The setup supports the prospects for an eventual break below the $ 1900 support area. The oversold conditions on hourly charts warrant some caution for bearish traders. Gold extended last week’s rejection slide from short-term downtrend line resistance …
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Gold (XAU / USD) broke consolidation mode to the upside, kicking off a great week on the front foot. New geopolitical concerns between Iran and the United States surpassed hopes for the vaccine and lifted the yellow metal. Politico reported that Iran is reportedly plotting to kill a US ambassador …
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The US dollar licks its wounds, still supporting the rise in gold. The ISM Employment Index and the Employment Index and Manufacturing PMI will improve. The technical setup still favors the XAU bulls. Gold (XAU / USD) has entered a consolidation phase in the European session, with new two-week highs …
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