Gold Price Could Restart Its Rise Above $1,575

Key Highlights Gold price corrected lower from $1,611 and tested the $1,535 support against the US Dollar.Recently, there was a break above a key bearish trend line with resistance near $1,545 on the 4-hours chart of XAU/USD.The US PPI increased 0.1% in Dec 2019 (MoM), less than the 0.2% forecast.The US Retail Sales is likely to increase 0.3% in Dec 2019 (MoM). Gold Pric...
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Gold Price Massive Rally Pauses But Not Likely Over

Key Highlights Gold price rallied further above the $1,550 and $1,600 resistance levels against the US Dollar.There was a break above a crucial bearish trend line with resistance near $1,480 on the daily chart of XAU/USD.The US ADP Employment increased 202K in Dec 2019, more than the 160K forecast.The US Initial Jobless Claims for the week ending Jan 04, 2020 could decline ...
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Gold Price Rally Could Extend, Dips Supported

Key Highlights Gold price rallied recently above the $1,500 resistance against the US Dollar.A major bullish trend line is forming with support near $1,498 on the 4-hours chart of XAU/USD.EUR/USD and GBP/USD are showing positive signs above 1.1150 and 1.3120 respectively.The US Initial Jobless Claims for the week ending Dec 28, 2019 could rise from 222K to 227K. Gold Pri...
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Gold Price Stuck Between Key Supports & Resistances

Key Highlights Gold price is struggling to gain momentum above $1,480 against the US Dollar.EUR/USD and GBP/USD are facing an increase in selling pressure.UK’s CPI increased 1.5%, while the Euro Zone CPI climbed 1% in Nov 2019 (YoY).The US Initial Jobless Claims for the week ending Dec 14, 2019 could decline from 252K to 225K. Gold Price Technical Analysis This mont...
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Can Gold Price Hold The Ground Above $1,450?

Key Highlights Gold price is trading above the $1,450 and $1,455 support levels against the US Dollar.EUR/USD and GBP/USD remained in the positive zone.The US CPI increased 2.1% in Nov 2019 (YoY), more than the 2.0% forecast.The US Initial Jobless Claims for the week ending Dec 07, 2019 could rise from 203K to 213K. Gold Price Technical Analysis This past week, gold p...
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Gold Price Recovery Reaching Crucial Juncture

Key Highlights Gold price started a strong recovery from the $1,450 support against the US Dollar.EUR/USD and GBP/USD rallied recently above 1.1080 and 1.3000 respectively.The US ADP Employment increased 67K in Nov 2019, less than the market forecast of 140K.The Euro Zone GDP could grow 1.2% in Q3 2019 (YoY). Gold Price Technical Analysis This past week, gold price fo...
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Gold Price Trading Near Make-or-Break Levels

Key Highlights Gold price seems to be struggling to hold the $1,450 support area against the US Dollar.A major bearish trend line is forming with resistance near $1,463 on the 4-hours chart of XAU/USD.The US Goods Trade deficit was $-66.53 B in Oct 2019, down from the last $-70.55 B.The US GDP is likely to grow 1.9% in Q3 2019 (Preliminary). Gold Price Technical Analysis...
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Gold Price Moves Further Into The Red Zone

Key Highlights Gold price is declining and it recently traded below $1,460 against the US Dollar.A key bearish trend line is forming with resistance near $1,462 on the 4-hours chart of XAU/USD.UK’s ILO Unemployment rate declined from 3.9% to 3.8% in Sep 2019 (3M).The US CPI could increase 1.7% in Oct 2019 (YoY), similar to the last reading. Gold Price Technical Analysi...
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Gold Price Showing Bearish Signs, Fed Decision Next

Key Highlights Gold price struggled to climb above $1,520 and declined recently against the US Dollar.There was a break below a major bullish trend line with support near $1,490 on the 4-hours chart of XAU/USD.The US Pending Home Sales increased 1.5% in Sep 2019 (MoM), more than the +0.9% forecast.The US GDP is likely to grow 1.7% in Q3 2019 (Preliminary), down from the las...
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Gold Price Facing Crucial Resistance Near $1,500

Key Highlights Gold price is trading below a major hurdle near $1,500 against the US Dollar.There is a crucial bearish trend line forming with resistance near $1,500 on the 4-hours chart of XAU/USD.The US Retail Sales declined 0.3% in Sep 2019 (MoM), whereas the forecast was +0.3%.The US Industrial Production could decline 0.1% in Sep 2019 (MoM), whereas the last was +0.6%....
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