Gold

Gold has met the targets of 2624 and 2647 as previously advised. The market now faces resistance between 2647-49; if this level holds, a drop toward 2622-24 may occur, creating a potential trading zone. A move above 2649 could lead to…
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Gold fell below 2622 yesterday, sustaining a drop toward the target of 2606. However, the market managed to hit a rebound correction from the 2606 zone. The main support is between 2595 and 2605; as long as the market holds above this…
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Gold appears to be forming a triangle pattern, with resistance around 2675-77 and support around 2622-25 creating a trading zone. A breakout above 2677 may lead to further gains, with resistance at 2685 and 2700. Conversely,…
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The intraday chart shows that Gold is forming a triangle pattern, with resistance around 2672-2674 and support between 2622-2625, creating a potential trading zone. A break above 2674 could lead to further gains, with resistance at 2685…
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Gold tested the 2637-40 support zone yesterday and advanced, printing prices above the 2657-62 resistance range. As previously advised, the upward movement continues toward the 2680-85 level, which may lead to a corrective dip. Above…
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The run-up to every presidential election, including the upcoming US Presidential Election, is usually a volatile one. Both candidates reveal their strategies for the next four years to tempt voters into their camp. Markets usually await…
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Gold managed to fell below 2642 yesterday and dropped further toward the 2622-25 zone. The market rebounded and is now closing to the resistance trend around 2652-55. Above 2655 more advance will be expected toward 2665 and 2680.…
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XAUUSD holding ground Gold trades slightly lower as price action gears up for another charge at fresh highs. A failure to hold above 2660 put the bulls on the defensive as the precious metal continues to look for the next signal. 2600 at…
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