Gold steadies near $1935-40 area after early volatile swings

published 28.07.2020 15:45

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Adding to this, a weaker opening in the US equity markets further underpinned the precious metal's perceived safe-haven status.

However, a sharp intraday turnaround in the US equity markets kept a lid on the attempted USD rebound from two-year lows.

A sharp intraday slide in the US bond yields undermined the USD and extended some support.

Gold found some support ahead of $1900 and stalled its sharp pullback from all-time highs.

Technical levels to watch XAU/USD Overview Today last price 1936.52 Today Daily Change -5.92 Today Daily Change % -0.30 Today daily open 1942.44 Trends Daily SMA20 1819.34 Daily SMA50 1767.05 Daily SMA100 1711.1 Daily SMA200 1620.22 Levels Previous Daily High 1945.7 Previous Daily Low 1900 Previous Weekly High 1906.68 Previous Weekly Low 1805.86 Previous Monthly High 1785.91 Previous Monthly Low 1670.76 Daily Fibonacci 38.2% 1928.24 Daily Fibonacci 61.8% 1917.46 Daily Pivot Point S1 1913.06 Daily Pivot Point S2 1883.68 Daily Pivot Point S3 1867.36 Daily Pivot Point R1 1958.76 Daily Pivot Point R2 1975.08 Daily Pivot Point R3 2004.46

by Haresh Menghani from fxstreet.com

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