Gold

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…

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.…

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…

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…

Dollar Cut Short on Jobless Numbers The US index halted its recent ascent as it closed 0.33% lower on Thursday. The greenback slumped after the US government reported a larger than expected reading for initial jobless claims.…

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 It’s been a disappointing week for gold bulls. Following the recovery rally seen across the first week of February, the gold market has swung back into net sales this week. Gold prices are falling from highs of around the mid-1826…

Dollar Bounces Higher The dollar index rose by a further 0.22% yesterday as it flirted with the 91 handle, its highest level in over a week. Retail sales for January rose 5.3% on a month-over-month basis versus expectations of 1.1%.…

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,…

Dollar Reprieve, But for How Long? The greenback reversed by 0.28% yesterday, bouncing of the 90 handle. Investors have gained confidence about Biden’s proposal being voted on by the end of the month. However, analysts were quick to…