Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$19,211.970.17%
  • ethereumEthereum$1,042.36-0.38%
  • xrpXRP$0.312288-0.61%
  • bitcoin cashBitcoin Cash$103.213.51%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
  • Autotrading
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Gold Strengthens Above $1,800 As US T-Bond Yields Drop Premium

John Wanguba by John Wanguba
November 26, 2021
in FX Industry
Reading Time: 4min read
Gold Strengthens Above $1,800 As US T-Bond Yields Drop Premium

Gold staged a strong rebound on November 26, 2021, and reclaimed $1,800. This intense flight to safety is causing the US Treasury bond yields to plunge steeply and fueled the XAU/USD rally. The investors now await the news on the vaccines’ effectiveness against the new coronavirus variant.

Based on the Technical Confluences Detector, the price of gold stays stronger above the critical support around $1,790, the intersection of the Fibonacci 61.8% one-day, SMA50 one-day, and a previous low on the four-hour charts. But, the bulls have to conquer the $1,800 resistance to retake control of the market.

The same parameter includes the Fibonacci 23.6% one-month, upper Bollinger Band on one-hour, and the previous highs on 15-minute and one-hour. If the bulls and buyers manage to take control of the $1,800 threshold, the pivot point one-week S3 and a previous high on the 4-hour will function as the validation point for more upside movement around $1,802.

After that, a smooth run towards Pivot point one-month R1 and previous month high, that surrounds $1,816-17 cannot be ruled out. On the other hand, $1,795 challenges the gold sellers on an instant basis, the level features SMA10 one-hour, Fibonacci 23.6% one-day, SMA100 one-day, and Bollinger Band four-hour Middle.

Also acting as near-term support is the $1,792 mark that holds together SMA50 one-hour, SMA200 one-day, and Fibonacci 38.2% one-day. Moreover, a clear break of $1,792 will need some validation from the $1,790 support before fetching the quote towards $1,781 support including pivot point one-day S2.

Gold Price

Fundamental Overview

Gold pokes intraday highs to mark its heaviest daily run-up in a week, up 0.55%, about $1,799 going into the American session. The precious yellow metal benefits from the drop in US Treasury yields to extend the past day’s recovery moves, mostly due to the COVID variant woes.

With that said, the 10-year bond coupon plunged the most since July 2021, and its 2-year counterpart marked the biggest drop since March 2021 amid fears over the COVID-19 variant. The plunge in the Treasury yields also weighs on the US Dollar Index (DXY), down 0.09% to reach near 96.68 by the time of writing.

Notably, the woes surrounding the COVID-19 strain do not allow equities to benefit from the softer yields and receding chatters over the Fed rate hike. With the United States traders returning from the Thanksgiving Day holiday, although for a brief session, it is clear that the risk-off mood might get some more boost.

The boost might propel the prices of gold to break above the $1,800 hurdle sustainably. Nevertheless, the Fed policymakers are yet to step back from the rate hike calls, neither did the inflation numbers. In that context, the gold buyers will require a huge push to cross the nearest resistance.

Like what you're reading? Subscribe to our top stories
Tags: gold marketgold priceGold(XAUUSD)market analysisTechnical AnalysisUS Dollar Index (DXY)XAUXAU price

Related Posts

Bitcoin Cash Price Prediction
Analysis

Bitcoin Cash Price Analysis: BCH/USD Drops Below $100 Support

July 1, 2022
Analysis

EURJPY Price Commences a Bearish Trend at $144 Resistance Level

July 1, 2022
Analysis

GBPUSD Price Approaches a Potential bullish Reversal Zone

June 30, 2022
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.