Gold rallies while dollar slips after weak US growth and China credit eyed 

Market Recap  XAUUSD XAUUSD finished the session at 5107.96, setting the high at 23:56 and closing at that level, up 109.30 or 2.19% from the 4998.66 open. Price ranged 126.20, equal to 2.52% of the open, between a low of 4981.76 at 05:42 and the late-session peak. The close at the extreme top of the intraday range followed a structure where…

Oil advances on crude draw as gold firms ahead of US GDP 

Market Recap  XAUUSD XAUUSD opened at 4975.83 and set the session low at 4960.69 at 02:58 before advancing through the 5000 round figure and printing the high at 5022.28 at 17:36; it settled at 4996.3, up 20.47 on the day, a gain of 0.411%. The intraday range spanned 61.59, or 1.24% of the open, with the close positioned in the upper…

Gold firms while dollar steadies ahead of US jobless claims and manufacturing survey 

Market Recap  XAUUSD XAUUSD finished the session at 4976.37, up 97.13 or 1.99% from the 01:00 open, after trading between 4854.34 and 5010.95. The low was set at 01:53, shortly after opening at 4879.24, and the high came at 18:48, leaving a total intraday range of 156.61 points, equal to 3.21% of the open and 79.6% of the current D1 ATR. The…

Gold slides as dollar steadies with focus on RBNZ and US durables 

Market Recap  XAUUSD XAUUSD opened at 4995.88 and briefly advanced to 5000.87 by 01:24, testing the 5000 handle, before sliding to the session low of 4842.72 at 16:01 and settling at 4878.15. The instrument finished the session down 117.73 points, or 2.36%, from the open. The intraday range measured 158.15 points, equivalent to 3.17% of the open and about 65.9% of the…

Dollar firms while gold eases as focus turns to Canada inflation and UK jobs 

Market Recap  XAUUSD XAUUSD covered an 85.85 move (1.7% of the opening level) in the session, spanning the 5,000 handle, and settled at 4,993.31 by 21:29, down 47.43 or 0.94% from the 5,040.74 open. The session’s high printed immediately at 01:00 at 5,051.51, with price opening near that peak, before declining into a 07:03 low at 4,965.66; the extremes therefore came…