Friday , 8 November 2024
Home Forex Gold price slides back below $2,700 mark amid modest USD strength
Forex

Gold price slides back below $2,700 mark amid modest USD strength

Gold price (XAU/USD) struggles to capitalize on the previous day’s solid rebound from the 50-day Simple Moving Average (SMA) support near the $2,643 area, or over a three-week low and attracts some sellers during the Asian session on Friday.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Barclays now sees the BOE holding bank rate unchanged in December

On the revision, Barclays cites the BOE's more cautious tone that emphasised...

The post-election tussle continues to play out

The post-election trade in the dollar hasn't been too straightforward over the...

AUDUSD Technical Analysis – We got a “sell the fact” reaction on Trump’s victory

Fundamental OverviewThe US Dollar is now lower across the board as the...

USDCHF Technical Analysis – The strong rally in the US Dollar stalls

Fundamental OverviewThe US Dollar is now lower across the board as the...