Gold

As we predicted earlier this week and as we see on our previous chart, two days ago, Gold managed to break below the 2368 support. There was also a drop toward the target and support level of 2350 which managed again to push for rebound…
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Gold managed yesterday to break below the 2368 support and managed to sustain a drop toward the support level of 2350. This managed again to push the market for a rebound toward 2368 resistance. On the chart , the market is facing a…
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Gold managed to meet the target of 2387 and higher last Friday. On the Intraday chart, Gold managed to correct, and faces supports around 2368 and 2345-50. If the market holds above one of those supports, another advance wave toward…
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Last week, gold trended higher in the wake of weaker US data. It wasn't just gold, but the whole of the base metals complex were upbeat as well, with silver and platinum going higher. Part of that could be explained by weakness in the…
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XAUUSD hits resistance Bullion attempts another leg higher after mixed data from Friday’s US jobs report. Even though NFP figures beat expectations, the unemployment rate jumped above 4%. The price seems to have secured a foothold around…
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As projected yesterday and as seen on our previous chart, Gold hit the target at the 2353-56 zone. Prices are facing the support around the 2345-50 zone, where as long as the market holds above it, a chance for an advance could hit the…
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Gold managed to hit the target of 2353-56 yesterday. As we see on the Intraday chart, the market is facing support around the 2345-50 zone. If prices remain above it, then there is a chance for a further advance with resistance at 2387.…
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As seen on our previous chart, Gold is still holding in our expected trading zone between the support 2315-18 and resistance 2353-56. This resistance zone 2353-56 could push for another drop again towards 2315-18. Below 2315, more of…
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