Chat

XAUUSD News

(5 votes)


Last Updated Date: 23 June 2021 @ 6:36 AM (UTC)
*Please note that all the dates are in GMT time zone

Gold was up on Wednesday morning in Asia after U.S. Federal Reserve Chairman Jerome Powell’s reassuring message that interest rates will not rise too quickly based only on the fear of coming inflation. However, a strengthening dollar curbed gains for the yellow metal.

The market is showing a short term upturn with the rally attacking the 1797.0 retracement resistance. A close over 1797.0 alerts for a larger emerging bull drive to 1825.0. Any corrective dips will likely stabilize within Friday’s accelerating upturn range, holding off the 1767.0 area. Only a close under 1767.0 signals a reversal of the upturn.
Chart

XAUUSD Live Price


sell
buy
Daily price range:
Low
High