Gold has been on the back foot after Federal Reserve Chair Jerome Powell seemed reluctant to intervene and lower bond yields. Higher returns on US debt make the yieldless precious metal less attractive to investors. However, markets seem to have stabilized after US Nonfarm Payrolls rose by 379,000.
In the meantime, here is how XAU/USD is positioned on the charts. The Technical Confluences Detector is showing that gold faces some resistance at around $1,700.
CRITICAL Update: Your Best New Opportuni
XAU/USD poised to extend slide after bre
XAU/USD poised to extend slide after bre
XAU/USD lost its traction after advancin
10.03 - XAU/USD is struggling to build o
01.12 - Gold prices battle key resistanc
30.11 - USD/JPY’s path of least resistan
Critical Update: For all signal service
16.11 - USD/JPY test critical support ne
23.10 - WTI faces further consolidation
09.10 - USD/CAD faces double whammy and
02.10 - Gold Price Analysis: XAU/USD on
10.09 - USD/JPY attempts a bounce but fa
19.06 - USD/CAD has established resistan
15.06 - GBP/USD faces a potential drop t
