Gold

The precious metal has become somewhat weaker after the previous volatility seen in the weeks gone by. Price action is gradually drifting higher, in an attempt to test the previous highs. The main level of interest is 1632. A breakout… Read More

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… Read More

Gold prices are slightly bullish, rising over 1.50% on the day. Price action reclaimed the resistance level of 1594. This puts the upside bias into the picture. In the event that prices pullback lower, then we expect the 1594 level to… Read More

Gold prices broke down below the support level of 1591. This comes as price broke to the downside following the ascending wedge pattern. At the time of writing, prices are retesting the 1591 level once again. If resistance forms here,… Read More

The precious metal is trading a bit weaker, down over 0.50% on the day. Prices are trading near the 1595 handle. But a strong rebound off this level is keeping the upside intact for now. To see further gains, XAUUSD will need to break… Read More

Gold prices are trading rather flat on the day following last week's gains. Price action is trading near the ascending wedge pattern amid some choppy trading. If XAUUSD fails to breakout above the previous highs of 1643, then we… Read More

Gold prices consolidated into the close of last week with an ascending wedge pattern. With price action below the 1655 handle, this suggests a possible pullback to the gains made in the past few days. But the bias remains mixed, however.… Read More