Gold

XAUUSD remains in the zone Gold price held onto the 2600 level as sentiment continued to shift in favour of gold. The current horizontal consolidation is an opportunity for the bulls to take a breather after a drop this week. A close…
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Gold dropped further today and hit a 2605 low. As we see on the chart, Intraday levels show support around 2605-10 which could keep the chance for a rebound toward 2643 and 2658 intact, which in turn could push for another drop. Above…
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 Nasdaq100 index tests resistance The Nasdaq100 index recouped some losses as traders bet the Fed might leave rates unchanged at their next meeting. The index is trying to claw back some of the previous losses, but sentiment is still…
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Gold managed to break above 2643 and managed to sustain an advance toward 2680-90 and above. As we see over the chart, the market tested the 2710 resistance and if prices remain below this level, a drop toward the 2670-75 zone will be…
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XAUUSD rallies on safe-haven buying Gold continued its ascent as geopolitical tensions heightened along with the appetite for safe-haven instruments. More anxiety over the Russia-Ukraine conflict saw a rally in metals, which was coupled…
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Last week was a pretty tough one for gold bulls. The price of gold fell over 40% over the course of just six days, the worst performance since the middle of the pandemic back in 2021. But this week, prices have rebounded, taking back some…
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Gold managed to hit the target  of 2620-30 as projected last week. As we see over the chart, the market is facing Intraday resistance around 2640-43. If prices hold below it, then another drop back toward 2585-88 is likely. Above 2643…
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As global tensions simmer, gold buyers have reentered the market as the yellow metal jumped over $100 in recent sessions. If the precious metal can maintain the $2600 level, the short-term signals will now look towards $2700.…
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