Gold
XAU/USD2590.36USD
Today
+1.23%
1 Week
+3.13%
1 Month
+3.35%
6 Months
+12.95%
Year to Date
+25.58%
1 Year
+34.13%
Key Data Points
Opening Price
2558.26Previous Closing Price
2558.78Gold Trading Strategy
Trading Strategy
Short positions below 2595.00 with targets at 2561.00 & 2547.00 in extension.
Alternative scenario
above 2595.00 look for further upside with 2614.00 & 2625.00 as targets.
Comment
short positions below 2595.00 with targets at 2561.00 & 2547.00 in extension.
Gold News
Correlation between Gold and the broad USD grows – TDS
Price action in Gold is telling you that macro fund positioning is extreme, TDS commodity analyst Daniel Ghali notes.
Gold: Central banks are still buying – TDS
The upcoming FOMC meeting is going to be quite contentious, but not for the Gold market, TDS commodity analyst Daniel Ghali notes.
Gold price remains close to record high, awaits pivotal Fed decision before the next leg up
Gold price (XAU/USD) witnessed a modest pullback from the vicinity of the record high, around the $2,589-2,590 area touched the previous day, and ended in the red for the first time in the last four days on Tuesday.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
Gold faces headwind as US Dollar and US yields climb
Gold prices fall ahead of the US Federal Reserve’s (Fed) monetary policy decision on Wednesday as the Greenback stages a recovery following a strong (relative to consensus) August US Retail Sales report.
Gold: Will the Fed outdove markets? – TDS
There is evidence that the last leg of the rally in Gold may have been a stop hunt, given the odd timing for an incursion into new all-time highs alongside evidence of new shorts being added by proprietary traders, family offices and macro funds while Gold ranged near the highs, TDS Senior Commodity Strategist Daniel Ghali notes.
