Gold

Muted QE Weighs in on the Greenback A tough day on wall street ensued as another slide in the technology sector helped pull indices lower. The ripple effects of the recent FOMC meeting were still filtering through as no further signs of… Read More

Gold The yellow metal has seen another rather subdued week of trading, with prices maintaining a quiet sideways range. The main focus this week was on the FOMC on Wednesday. The Fed delivered a message of caution and concern, citing a… Read More

The precious metal is on track to close in the red on Thursday. However, the pace of declines is limited following the initial reaction. Gold prices closed with modest gains on Wednesday, only to reverse those gains on Thursday. The… Read More

The precious metal is trading weaker, as the technical resistance level near 1967 held on. The Fed meeting also set off the declines with gold likely to head lower in the near term. Price action could be on track to retest the 1911.50… Read More

FOMC Takes Centre Stage Manufacturing production in the US expanded less than forecast as the US index steadied itself above 93. Meanwhile, the US dollar will hinge on guidance from Fed chair Jerome Powell at today’s FOMC meeting. We… Read More

The recent gains in the precious metal hit a snag after price failed to breakout above the 1967 resistance. The strong confluence of both the trend line and the horizontal support level has reversed direction. Price action is likely… Read More

The precious metal is trading stronger on Monday, with gains driven by a weaker USD and the Fed meeting. Price action is a few points away from the 1967 level which held up as resistance earlier on. A breakout above this level could… Read More

The precious metal is consolidating just a few points below the 1967 technical resistance. With the support formed near the 1911.50 handle, the sideways range could continue. Price action on the daily chart shows a gradual move lower,… Read More

The 1-hour timeframe shows the final wave ⑤ formation of the bullish cycle. This is indicated by intermediate sub-waves (1)-(2)-(3)-(4)-(5). At the time of writing, wave (4) looks to a triangle consisting of minor sub-waves A-B-C-D-E.… Read More

The precious metal managed to continue posting gains. Price action surged higher after the ECB meeting, as gold rose to the 1967 handle. Prices were quickly rejected near this level as gold pulled back. The confluence of the trend… Read More