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Gold
Metals Reverse Lower As US Yields Soar
Gold
The yellow metal saw plenty of volatility this week. Price rallied firmly at the start of the week, extending the recovery off the 1763.88 support.
However, sellers stepped in ahead of the 1826.71 level and saw price turn sharply…
Gold Prices Slip as Treasury Yields Rise
The precious metal continues to trade weak with price action extending declines for a third consecutive day.
The declines come as Treasury yields are rising higher. Investors are betting that the global economy will re-open quicker than…
Gold Prices Likely to Close Bearish for a Second Day
The precious metal is failing to capitalize on the support level it established near the 1764 handle. Prices are falling for the second day, albeit the pace of declines is limited in comparison.
To the upside, the reversal comes just a…
Gold Gains Slow as Price Approaches 1817.79
The precious metal pulled back just a few points away from the 1817.79 level of technical resistance.
The Stochastics oscillator which is currently signaling a hidden bearish divergence could see a continuation in price to the downside.…
Gold Prices Rise to a Four-Day High
The precious metal is posting strong gains on Monday, capitalizing on a weaker greenback. As a result, price action is up over 1.5% intraday and is trading near a four-day high.
Despite the current gains, XAUUSD will need to breakout…
Gold Pulls Back from a Seven-Month Low
The precious metal fell to a seven-month low over the week before managing to recovery with bullish gains on Friday.
Price action closed with gains after Thursday's doji pattern. This also comes near the support level of 1764.
With…
Gold Prices Steady Above 1764
The precious metal is trading flat on Thursday following the sharp declines from the day before. Price action has not yet tested the 30 November lows of 1764.22.
For the moment, we expect gold prices to consolidate between 1817.80 and…
Gold Prices Fall to a Two-Month Low
The precious metal resumes its declines with price action currently trading near the 1777.50 level.
The decline marks a new two-month low in the commodity. A break down below this level could further accelerate declines.
Still,…
Gold Slips Below 1817 Technical Support
The precious metal lost the 1817.79 technical support on Tuesday.
However, after prices fell to intraday lows of 1789.37, there was a quick recovery.
The current pullback could see gold prices retesting the 1817.79 level once again.…
XAUUSD Bears Remain in Control
XAUUSD has witnessed a choppy descent since hitting record highs in the midst of the 2020 pandemic. The continuous descending channel from the said period has seen prices tested at the psychological $1800 level.
The recent bullish…