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Silver
XAGUSD Bulls Ready for a Comeback?
For the best part of two years, silver was trading in a descending channel until the recent risk-off sentiment buoyed the metal market.
Prices then rose to yearly highs, breaking clear of all resistance handles and leading to a top at…
Are Silver Bulls Ready To Strike?
Despite silver trading within the lower zone of the regression channel, the chances of breaking to new multi-month highs are increasing.
Bulls could be attracted to the confluence level near the $18.50 area. There, the median trendline…
Gold Down Further as Equities Rally
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…
Gold Rally To Test 2020 Highs
Gold
Gold prices continued their recent rally this week with the yellow metal heading back up towards the 2020 highs. The recovery in asset markets continues to support the upside in gold. Gold has now almost totally reversed the…
Metals Rally Amidst Market Stabilisation
Gold
It’s been a much quieter week for the yellow metal on the back of the recent volatility we have seen in prior weeks. The ongoing coronavirus situation continues to dominate market news-flow and remains the key catalyst for price…
Metals Meltdown Continues
Gold
It’s been another very volatile week for gold. Prices extended last week’s declines to trade lows of 1451.
The sell-off this week has continued amidst the ongoing sell-off across a broad range of instruments. And equities and…
Metals Explode on Global Central Bank Action
Gold
It’s been a bumper week for gold prices. The yellow metal has rallied strongly to nearly reverse all of last week’s losses.
Price is now well on its way to testing the current year-to-date highs of 1639.39. The rally has been…