XAUUSD Breaks May Trend Line, but Late Shorts Beware

The resolution of the US-EU trade dispute has pushed gold (XAUUSD) prices lower. As market fears of increased uncertainty faded, the safe-haven demand for gold dropped. The gold price has fallen by more than $100 after reaching a peak of $3450. A stronger US Dollar added pressure on gold. As the US Dollar appreciated significantly, it reduced gold’s appeal ...

As you can see, the gold market has gone back and forth during the bulk of the trading session here on Tuesday. We are sitting just below the 50 day EMA. If we can break above the 50 day EMA, I think that's a very bullish sign. We formed an inverted hammer during the Monday session. But I think the biggest problem we have here is the fact that it's the ...

Gold (XAU/USD) steadies on Tuesday, halting a four-day slide after dipping to a near three-week low around $3,300 on Monday. The slight rebound comes despite a broadly risk-on mood that has kept demand for safe-haven assets subdued. Optimism around easing geopolitical tensions ahead of the August 1 deadline and a renewed push into equities have curbed ...