Gold

Gold broke below 2315 yesterday and also managed to drop further towards 2293. Prices rebounded while still facing the 2315-18 resistance zone. The market could hold this trading zone between 2290-92 and 2315-18. Above 2318, more of an…
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AUDUSD boosted by the RBA The Australian dollar continued its comeback as the RBA decision held off on cutting interest rates for now. As the pair searches for a full recovery to the previous swing high at 0.6700, a bearish RSI…
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On the chart, Intraday levels show continuous pressure on Gold with support still around 2277. If the market holds trades below the resistance of 2350-60, the market could sustain this trading zone. Below 2277, more of a drop towards 2230…
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Gold trending higher through the week, largely driven by weaker US Treasury yields. As it approached a two-week high, it was short of the May 10 record. But the positive performance has opened the question of whether the yellow metal can…
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USDCAD pushes higher The Canadian dollar spiked as the BOC became the first G7 nation to begin cutting rates. A jump towards 1.3740 confirmed a triple top before price action moved lower. The psychological level of 1.3600 on the daily…
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As mentioned earlier in the week, Gold retested the support zone of 2315-20. The market is still within our trading zone, which could keep prices consolidating between the 2315 support and the 2350-55 resistance. Below 2315, more of a…
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