Gold

XAUUSD shows a bullish impulse of the cycle degree that consists of primary sub-waves ①-②-③-④-⑤. The current structure suggests that we are in the final wave ⑤. Wave ⑤ resembles an impeding ending diagonal. That consists of five… Read More

The precious metal is trading somewhat bullish as it attempts to recover the losses from the previous two sessions. However, the intraday charts show a consistent lower high forming, alongside lower lowers. This is indicative of a… Read More

Gold Gold prices have come under pressure again this week amidst a firm rally in risk assets. Better global risk sentiment, which has seen equities indices trading in the green across the week, has weighed on gold. A firmer USD has also… Read More

Gold prices are pushing lower after the precious metal failed to find support at 1717.65. The breakdown below this level has led to gold falling over 0.80% intraday. Prices are now trading off a minor support level at 1696.50. If… Read More

The precious metal is trading rather flat as the momentum is easing. Gold prices are trading close to the 1728 level as the rising trend line is broken. As long as XAUUSD does not rise above 1731.70, we expect the bias to remain to… Read More

The precious metal is trading on a soft note with prices down about 0.5% intraday. This comes as gold trades within the consolidating wedge pattern. At the time of writing, prices are trading just below the rising trend line. But… Read More

The precious metal made modest gains into Friday’s close, rising 0.53%. But price action is now consistently making lower highs. For the moment, the declines are rejected off the dynamic support from the rising trend line. The lower… Read More

The precious metal gave up the gains and as a result, price action posted a lower high. This came in right near the resistance level of 1747.00. Following this, gold prices fell further as price action is now in consolidation. The… Read More

The precious metal is posting a recovery rally following the sell-off from the previous sessions. Price action is back trading near the 1750 handle after slipping to lows of 1731 earlier. But with the previous high at 1764.90 level,… Read More

The precious metal is trading flat after prices fell sharply just the day before. For the moment, gold is trading below the key price level of 1747.00. There is scope for price to briefly retest the 1747.00 handle. A breakout above… Read More