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Gold Price Analysis: XAU/USD needs to crack $1920 for further upside – Confluence Detector

Gold Price Analysis: XAU/USD pares gains after touching new multi-month of $1,812

May 26, 2021 16:21 GMTFXStreet News Gold price holds gains above $1900, four-month highs. Rising inflation concerns, dovish Fed continue to pressure DXY, yields. Gold Price Forecast: XAU/USD breaks through $1900, room for additional upside? Update May 26: The sharp decline witnessed in the US Treasury bond yields provided a boost to gold on Tuesday and the XAU/USD pair gained 1%. With XAU/USD breaking above the $1,900 psychological level on Wednesday, a technical buying wave got triggered and the pair touched its highest level since early January at $1,812. However, profit-taking in the late European session seems to be making it difficult for gold to continue to push higher. As of writing, XAU/USD was posting small daily gains at $1,902. Despite the pullback, a daily close above $1,900 could be seen as a buying opportunity by investors.      

Gold Price Analysis: XAU/USD keeps $1900 in sight while above key $1871 cap – Confluence Detector

Gold Price Analysis: XAU/USD keeps $1900 in sight while above key $1871 cap – Confluence Detector
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Silver Price Analysis: XAG/USD s path of least resistance appears to the downside – Confluence Detector

; Silver Price Analysis: XAG/USD’s path of least resistance appears to the downside – Confluence DetectorNEWS | 5/20/2021 9:04:54 AM GMT | By Dhwani Mehta Silver price is once again witnessing two-way movements so far this Thursday, although remains capped below the $28 mark. The upside attempts in the white metals appear limited, thanks to the revival of the Fed’s tapering expectations and China’s crackdown to stabilize the commodities market. Silver remains pressured by a sell-off in the industrial metals amid China s price curb threat. However, the retreat in the US dollar across the board helps cushion the downside in silver. How is silver price positioned on the technical charts?

Gold Price Analysis: $1874 remains a tough nut to crack for XAU/USD ahead of FOMC minutes – Confluence Detector

; Gold Price Analysis: $1874 remains a tough nut to crack for XAU/USD ahead of FOMC minutes – Confluence DetectorNEWS | 5/19/2021 9:51:44 AM GMT | By Dhwani Mehta Gold price falls after facing strong resistance once again at $1874. US dollar rebound with yields, risk-aversion dominates ahead of FOMC minutes.   Gold price is on a corrective decline ahead of the FOMC minutes showdown, having refreshed three-month highs at $1874 earlier on. The market mood remains sour amid inflation fears and covid flareups in some nations, boosting the safe-haven US dollar. The uptick in the Treasury yields is also weighing on gold price. Markets eagerly await the release of the FOMC April meeting’s minutes for fresh hints on the central bank’s monetary policy path, which is likely to have a significant impact on gold price.

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