Gold

Dollar Continues to Fall Ahead of NFP The US index fell deeper towards the 90 handle yesterday as it closed 0.42% lower. Whilst economists are expecting a fifth straight monthly increase in jobs, the figures are likely to miss… Read More

Gold After seeing heavy selling over recent weeks, gold prices saw a resurgent demand this week. Price rallied off the 1764 lows to trade back up to around 1806 as of writing. The rise in gold prices this week is more a reflection of a… Read More

The precious metal is trading somewhat softer after rising above the 1817 price level. This coincides with the expected correction in prices. The Stochastics oscillator is flat at the moment. However, further gains might see gold prices… Read More

XAUUSD has been trading with a bearish undertone since hitting record highs in August. An attempted resurgence in August saw a freefall to the $1760 area at the back end of November. However, currently, bulls have fought back to lead the… Read More

Dollar Freefall Continues The US index accelerated its decline yesterday, closing 0.24% lower towards the 90 handle. Currencies that comprise the dollar index such as the euro, Swiss franc, and sterling have reached multi-year highs,… Read More

The precious metal is extending its bullish momentum. Price action is trading above the key resistance level of 1818.80. As long as gold prices remain firmly above this level, we could expect further gains. This could extend the… Read More

The current XAUUSD formation hints to a strong bullish impulse. We now see the development of the final impulse wave V, which consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). The intermediate correction wave (4) which is a… Read More

The precious metal has been posting strong gains on the back of the US dollar. Gold prices are up nearly 2% intraday on Tuesday. The rebound also coincides with the impending correction in gold, as mentioned a day before. For the moment,… Read More

The precious metal is extending losses as the 200-day moving average gives way. Price action is, however, showing signs of a rebound near the current five-month low. The Stochastics oscillator is also showing signs of a bullish… Read More

The precious metal continued to move lower following a brief pause for two sessions. However, as prices make a new low, there is a strong bullish divergence building up on the Stochastics oscillator. This could mean that the precious… Read More