Gold under pressure: why $2,650 level is crucial for bulls [Weekly …

Dec 22, 2024 · Corrective phase: Gold seems to be in a corrective phase after completing a full 5-wave cycle. Watch for support at 2,594 (0.618 Fibonacci retracement of the last wave and ~ 2,540 if the corrective phase intensifies.. Overbought warning: High MFI, a bearish flag and double …

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Gold Under Pressure: Why $2,650 Level Is Crucial For Bulls [Weekly …

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Gold's Critical $2,650 Zone: Is The Breakout Close? [Weekly …

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Dec 1, 2024 · Mid-term: The big picture is slightly bearish unless bulls reclaim key levels like $2,680-$2,700. Gold needs to break above $2,667 and $2,680 to to flip the sentiment to …

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Gold: Rebound At Key $2,650 Support Likely Amid Lack Of Follow …

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Oct 15, 2024 · A weekly close below this level may signal a correction, with potential drops to $2,580 and then $2,520. Disclaimer: This article is written for informational purposes only.

investing.com

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XAUUSD - Gold Battles To Climb Past $2,650, Stagnates In A Tight ...

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Oct 7, 2024 · Explore why gold prices remain pressured under $2,650, impacted by Fed rate policy, global equity markets, and geopolitical tensions. ... it could keep gold prices under …

forexgdp.com

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Gold Price Forecast: Spot Gold Breaks Through $2700 - FOREX.com

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Oct 18, 2024 · At this point, there’s the 2700 level that can present support potential if bulls remain very aggressive; and 2685 and 2675 remain of interest, as well. Below that, 2667 and …

forex.com

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Gold Prices Poised For Action: XAU/USD Battles $2,650 Barrier

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Dec 5, 2024 · Gold prices have been teetering around $2,650, a key level that reflects a delicate balance between bullish and bearish forces in the market. Over the past week, the precious …

tradingnews.com

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Is Gold Headed For $2,480, Or Are Bulls Ready To Take …

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Dec 15, 2024 · Gold might recover only if bulls reclaim $2,660 - $2,671. A sustained break above $2,692 would invalidate the bearish scenario and point to $2,700+. In the short term, Gold is …

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Gold, Silver, Platinum Forecasts – Gold Dives As Dollar Tests New …

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2 days ago · Gold is moving towards the $2650 level as traders focus on strong dollar and rising Treasury yields. Silver pulled back below the $30.00 level as gold/silver ratio tested weekly highs.

fxempire.com

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Gold (XAU) Daily Forecast: Upward Channel Supports Rally – Next …

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Sep 24, 2024 · This level is crucial in maintaining the current bullish momentum. Should prices hold above this mark, the next resistance levels to watch are $2,645 and $2,653.75.

fxempire.com

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Gold News: Prices Move Higher Despite Rising Treasury Yields

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Oct 11, 2024 · A move above $2650 will push gold towards the significant resistance level, which is located at all-time highs at $2675 – $2685. On the support side, a move below $2620 will …

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Gold Forecast: XAU/USD Struggle With Key $2,650 Level ... - FXStreet

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Dec 17, 2024 · Gold price holds the previous rebound above $2,650 early Tuesday as buyers remain in control amid sustained weakness in the US Dollar (USD) and sluggish US Treasury …

fxstreet.com

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Gold Price Keeps The Red Below $2,650, Remains Confined In A …

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Oct 7, 2024 · As gold prices continue to struggle to build pace over the crucial $2,650 level, they continue to. As investors struggle to make sense of conflicting market signals, gold prices …

tradinginsider.com

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Gold (XAU) Daily Forecast: Can Gold Reclaim $2,650 Or Is A ... - FX …

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Oct 15, 2024 · Fed’s Key Inflation Gauge Eases to 2.4% in November, Below ExpectationsFri, 20 Dec 2024 14:35:08 GMT UK Retail Sales Rises 0.2% in November; GBP/USD Holds onto …

fxempire.com

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Gold: Bulls Need To Clear Key Resistance Zone Above $2,708 …

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Dec 9, 2024 · Gold technical analysis: Key levels and trends to watch ... This range aligns with the 200-day moving average and remains a backstop if selling pressure intensifies. In summary. …

investing.com

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The Gold Trader | Joseph | Substack

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Gold under pressure: why $2,650 level is crucial for bulls [Weekly XAU/USD analysis + forecast] ... Joseph. 12. Share this post. The Gold Trader. Gold under pressure: why $2,650 level is …

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Gold Hits $2,050: Weekly Surge On Rate Cut Speculation

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Gold's climb to $2,050 for a second consecutive week is propelled by a weaker dollar and lower Treasury yields. Traders anticipate US rate cuts following softer Q3 economic growth and a …

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FAQs about Gold under pressure: why $2,650 level is crucial for bulls [Weekly … Coupon?

Will gold remain rangebound after a lull?

Gold prices (XAU/USD) have started the week on the back foot as the DXY has resumed its march higher following a brief lull on Friday. Given the lack of high-impact data releases this week Gold could remain rangebound between last week’s lows and today’s high around 2630 handle. ...

Why is gold price clinging to a rebound above $2 650?

Gold price clings to the previous rebound above $2,650 ahead of US Retail Sales data. The US Dollar stays defensive with Treasury bond yields despite hopes of a hawkish Fed in 2025. Gold price looks for a fresh impetus amid neutral daily RSI while below 50-day SMA at $2,671. ...

What happened to gold prices in mid-August?

But that was soundly broken through in mid-August as gold prices got comfortable with live above the $2500 level. At that point, resistance was showing at 2530 but it was the ECB rate cut last month that propelled the move-higher with another extension up to 2600 on the day of the FOMC rate decision that saw the Fed move into a cutting cycle. ...

What happened to gold after Q1 breakout?

After the Q1 breakout, a channel developed that showed a range for the next few months. But that was soundly broken through in mid-August as gold prices got comfortable with live above the $2500 level. ...

Are Bulls still in control of XAU/USD?

Bulls remain in firm control of XAU/USD, at this point. Gold prices have set yet another fresh all-time-high with its sixth consecutive weekly gain. The 2024 trend continues to impress and pullbacks have remained rather shallow thus far, with strategy highlighted in yesterday’s article. ...

Why do gold prices start the week lower?

Gold prices start the week lower as the US Dollar strengthens due to averted government shutdown and expectations of a stronger dollar in 2025. Gold’s safe-haven appeal may be tested by geopolitical risks in Syria and the ongoing Russia-Ukraine conflict. ...