Gold

The rally in gold is taking a pause as price action has barely managed to post any new highs. The 1981 price region is proving hard to breach for the momentum. Despite this, a breakout above this level might see gold prices easily… Read More

The precious metal is on track to post the first daily loss in nearly two weeks. This comes after gold prices briefly rose to highs near 1941.42 on Wednesday. Failure to breakout higher has seen price action trading lower on Thursday.… Read More

The precious metal is looking a tad weaker following the price action from Wednesday. An intraday high near 1980.71 saw prices retreating. This has also formed a double top pattern near the top end of the rally. But the lower support… Read More

The precious metal rose to highs of 1975 before retreating. Price action is still bullish although the pace of gains is relatively muted compared to the past few days. For the moment, support is at the 1931 level. If prices break down… Read More

The precious metal surged ahead as it hit a new all-time high record. Gold prices rose to intraday highs of 1945.52 as it continues its bullish momentum. The gains come amid fears of economic recovery as well as more stimulus packages… Read More

The precious metal ended Friday above the 1900 level for the first time since 2012. Price is now about $19 away from the all-time highs in 2011. The weekly gains are also the best since March this year. The bullish momentum in gold… Read More

The bullish continuation in the precious metal continues with gold rising close to one percent on Thursday. Intraday prices saw gold rising to highs of 1898.24 before pulling back. Price action is just a few dollars away from the… Read More

The precious metal is quite bullish resuming its strong uptrend. Following days of consolidation, the precious metal surged ahead, logging four consecutive sessions of gains. While price has broken past the 1850 level, it is still shy of… Read More

The XAUUSD structure suggests an end to the bullish cycle in impulse wave V. This consists of primary sub-waves ①-②-③-④-⑤. After the sideways correction in wave ④ ended, prices rose in wave ⑤. However, at the time of writing, it has… Read More

The precious metal rose to a fresh nine-year high after consolidating over the past few sessions. Price touched the 1841 levels intraday after breaking past the 1817.80 level of support. Further upside could see the precious metal… Read More