EDUSELL
Financial Market Examiner
Midas Crypto Vault
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews
No Result
View All Result
Financial Market Examiner
No Result
View All Result
Home Forex News

Gold Price Looks to Recapture $1,900

Admin by Admin
January 10, 2023
in Forex News
0
Central Bank Gold Purchases Remain Steady Despite Potential Challenges in 2023
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter
Webinar Webinar

Gold price is gathering strength to take on the eight-month top at $1,880, as the uptrend remains well in place this Tuesday.

Having pulled back on Monday, Gold price is awaiting a fresh catalyst to earn acceptance above the multi-month peak of $1,880. The next stop for Gold bulls is seen at the $1,900 threshold, above which doors will open up toward the May 2022 high at $1,910.

The 14-day Relative Strength Index (RSI) is sitting just beneath the overbought territory, suggesting that there is more room to the upside.

Meanwhile, the upward-sloping 50-Daily Moving Average (DMA) has pierced through the flattish 200DMA for the upside. If the 50DMA closes Tuesday above the 200DMA, it would confirm a Golden Cross and strengthen the near-term bullish bias for Gold price.  

On rejection at the $1,880 level, Gold sellers could fight back control, prompting a corrective pullback toward the previous day’s low at $1,865. Further declines will challenge the $1,850 psychological level, below which a sell-off toward the bullish 21DMA at $1,819 cannot be ruled out.

Related Content– Paxos Reclaims $20 Million In Gold Tokens Stolen In The FTX Hack

Share on TwitterTweet
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
Tags: Gold price
Institutional Trading Concept Institutional Trading Concept Institutional Trading Concept
ADVERTISEMENT
Previous Post

Jack Ma cuts voting stake in Ant Group, Alibaba Stock Jumps More Than 4%

Next Post

USD/CNH risks a deeper decline near term – UOB

Admin

Admin

Next Post
USD CNH pair

USD/CNH risks a deeper decline near term – UOB

Leave a Reply Cancel reply

Your email address will not be published.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

Stay Connected

  • 99 Subscribers
  • Trending
  • Comments
  • Latest
yen and dollar

FOREX-Yen Flirts With Intervention Level As Dollar See Gains

October 11, 2022
AUD USD pair

Forex: AUD/USD Point To More Downside For The Aussie

October 20, 2022
Mayowa Owolabi on battles traders need to fight

Battle Every Trader Must Fight (Part 1)- Mayowa Owolabi

August 31, 2022
Meta (Ex-Facebook) Fined €1.2 Billion In Landmark EU Ruling

Meta Verified Shows A Company Running Out of Ideas

February 22, 2023
XAGUSD pair

XAG/USD Climbs to Mid-$19.00s

4
Premier League Considering Partnership With NFT Crypto Platform

Premier League considering partnership with NFT crypto platform

2
EUR/USD pair

EUR/USD Recovers from 20-year Lows

2
Binance CEO Supports Terra Classic Raising LUNC Burn Tax To 0.5%

Binance Proof-Of-Reserve Pledge Earns Support Following FTX Crisis

2
SEC And CFTC Find clarity In New Legislation To Regulate Crypto

SEC And CFTC Find clarity In New Legislation To Regulate Crypto

June 7, 2023
SEC Aiming To Freeze BinanceUS Assets   

SEC Sues Coinbase Just Hours After Binance

June 7, 2023

With Binance Lawsuit SEC Extends Its Regulatory Oversight Over $115 Billion Assets

June 7, 2023
BTC Price Drops Another 3% In Major Decoupling From AI Tech Stocks

Cboe Gets Approval For Margin Trades Of Bitcoin Futures, Opens Gates For Spot Trading

June 7, 2023

Recent News

SEC And CFTC Find clarity In New Legislation To Regulate Crypto

SEC And CFTC Find clarity In New Legislation To Regulate Crypto

June 7, 2023
SEC Aiming To Freeze BinanceUS Assets   

SEC Sues Coinbase Just Hours After Binance

June 7, 2023

With Binance Lawsuit SEC Extends Its Regulatory Oversight Over $115 Billion Assets

BTC Price Drops Another 3% In Major Decoupling From AI Tech Stocks

Cboe Gets Approval For Margin Trades Of Bitcoin Futures, Opens Gates For Spot Trading

June 7, 2023
Financial Market Examiner

Get all the latest Financial Market (Crypto & Forex) news, updates and other relevant resources here.

Follow Us

Browse by Category

  • Crypto News
  • Education
  • Entertainment
  • Forex News
  • Gaming
  • Review
  • Reviews
  • Stocks
  • Uncategorized

Recent News

SEC And CFTC Find clarity In New Legislation To Regulate Crypto

SEC And CFTC Find clarity In New Legislation To Regulate Crypto

June 7, 2023
SEC Aiming To Freeze BinanceUS Assets   

SEC Sues Coinbase Just Hours After Binance

June 7, 2023

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

No Result
View All Result
  • Home
  • Education
  • Forex News
  • Crypto News
  • Stocks
  • Reviews

© 2022 Financial Market Examiner. - Designed by Mayconcept Solutions.

?>