Gold advances while yen firms as focus shifts to US retail sales 

Market Recap  XAUUSD XAUUSD ended the session at 5060.3, up 73.8 points or 1.48% from the 01:00 open, after traversing a 121.52-point intraday range that equated to 2.44% of the opening level. The day’s low was established early at 4965.12 at 01:08, and price stayed above that trough for the remainder of the session, progressing to a late peak at 5086.64…

Dollar eases as gold rallies and sterling advances after Canada jobs beat 

Market Recap  XAUUSD XAUUSD finished the 06-Feb session at 4966.01, up 172.37 or 3.6% from the 4793.64 open. The day spanned 316.31, equal to 6.6% of the open, carving out a low at 4655.18 at 02:17 before reaching a high at 4971.49 at 20:12. Price set its trough shortly after the start, then advanced through the remainder of the session to…

Gold falls as BoE easing and softer US labor weigh ahead of Canada jobs 

Market Recap  XAUUSD XAUUSD fell through the session, settling at 4776.55 by 23:57, down 189.02 points or 3.807% from the 4965.57 open. Price carved out a 263.88-point intraday range, equal to 5.31% of the open, with the day’s extremes bookending trade: a high at 5023.82 at 01:45 and a low at 4759.94 at 23:40. The close was near the bottom of the…

Dollar gains on resilient US data while sterling slips before BoE 

Market Recap  XAUUSD XAUUSD ended the session at 4965.2, up 18.8 or 0.38% from an open at 4946.4, after traversing a 237.34-point span that equated to 4.8% of the open and about 90% of the 14-day daily ATR of 264.47. Price pressed higher through the morning to a peak at 5091.9 at 10:01, trading above the 5000 figure, before reversing into…

Gold rallies and Aussie firms after RBA hike ahead of ADP and ISM 

Market Recap  XAUUSD XAUUSD ended the session higher, settling at 4,946.45 after posting a high of 4,993.87 at 18:39 and a low of 4,665.96 at 01:00. The day opened at 4,672.25 and closed up 274.20, a gain of 5.87%. Price traversed a 327.91-point range, equivalent to 7.02% of the open, with the low set immediately at the start and the high arriving later in the evening, indicating a…