Gold

The precious metal closed last week on a flat note near 1774.66. The appearance of the Doji pattern near the nine-year highs suggests a possible pullback. However, there is scope for price action to continue to churn higher. The 1800… Read More

The XAUUSD structure shows a bullish impulse consisting of waves ①-②-③-④-⑤. A double zigzag completed the corrective move in wave ④. The complex pattern consists of intermediate waves (W)-(X)-(Y). This is now followed by the final… Read More

Gold The yellow metal broke out to new 2020 highs this week as swelling concerns around the prospect of a second wave drove safe-haven inflows. The rally in gold this week comes despite fairly resilient moves in equities markets, which… Read More

The precious metal is paring losses as prices are somewhat bullish on the day. Following the downside breakout from the rising wedge pattern, XAUUSD is retracing the losses back to the breakout level. However, gold prices now need to… Read More

The precious metal failed to make any major gains after prices rose to highs near 1788. The rising wedge pattern signaled earlier results in prices making a short term correction. However, gold is still trading within the larger… Read More

The precious metal is somewhat bullish as price action inches closer to the 1800 level. Overall, the precious metal is making the best quarterly gains, last seen in March 2016. However, the current momentum remains somewhat weak.… Read More

The precious metal is trading rather flat on the day following an attempt to push higher. However, with prices trading just below the previous highs, we expect this consolidation to result in a breakout. The bias is slightly to the… Read More

Price action in the precious metal is somewhat choppy. But so far, gold is holding up firmly above the 1750 level. For the upside to continue, gold needs to close out above the June 24th highs of 1779.15. This will potentially set the… Read More

Gold The gold market has seen better buying this week, leading to a breakout to fresh 2020 highs, amidst a weakening in risk appetite. Concerns this week regarding the prospect of a fresh outbreak of COVID-19 have weighed on risk… Read More

Gold prices are trading rather muted on Thursday after the previous strong price action. The precious metal touched highs of 1779 on Wednesday before retreating. The breakout from the median line suggests a potential dip to the 1747… Read More