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Gold

Gold Slumps $70 as the Sell-Off Continues

David Kindley Nov 13, 2023 65 0

Gold hit a three-week low as the safe haven status continued to fade. With CPI data expected to be progressive this week, traders turned to the power of the greenback. As the sell-off continues, will we see a test at the $1900 area…
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Fundamental Analysis

Do Fundamentals Point to Gold Breaking $2,000/oz?

Daniel John Grady Nov 7, 2023 77 0

Whenever there are geopolitical tensions, gold gets a boost. So, it's not surprising that the yellow metal shot up through the course of October as Israel prepared to invade Gaza. But, since the start of the month, the price has hit…
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Technical Analysis

Intraday Analysis 02.11.2023

Jing Ren Nov 2, 2023 71 0

EURGBP seeks support The pound steadies ahead of the Bank of England's policy announcement. The pair is consolidating its gains after rising above the daily resistance of 0.8700. Sentiment remains overwhelmingly bullish though…
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Technical Analysis

Gold Flirts With $2k Ahead of FOMC

David Kindley Oct 31, 2023 65 0

Gold continues to maintain its bullish stance as the FOMC approaches. With a hold on rate hikes expected, could this benefit the yellow metal with another test at $2k? As the NFP approaches, could the greenback dive even lower?…
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Technical Analysis

The Week Ahead – Passive aggressive

Jing Ren Oct 27, 2023 68 0

USDJPY under pressure ahead of BoJ meeting The Japanese yen steadies on speculation of further tweak to the BoJ’s yield curve control. The central bank is expected to stay an outlier and maintain its ultra-loose monetary policy. This…
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Fundamental Analysis

Can Global Uncertainty Push Gold Through $2,000/Oz?

Daniel John Grady Oct 27, 2023 58 0

Gold is in a funny place right now. Since hitting a low at the start of October, it has rallied 10% over the last three weeks. But, it seems to be struggling to get through the strong $2,000/oz technical level. This is because traditional…
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Technical Analysis

Intraday Analysis – Gold pulls back

Jing Ren Oct 25, 2023 65 0

GBPUSD hits resistance The pound saw some support from better-than-expected job data in September. A jump above the first hurdle of 1.2220 has prompted sellers to cover some of their bets. The supply zone 1.2290-1.2330 at the recent…
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Technical Analysis

Gold Awaits Another Test at $2K

David Kindley Oct 24, 2023 65 0

Gold is holding firm after hitting fresh monthly highs last week. The metal momentum remains firmly bullish as US Treasury yields continue to rise. As the $2K level gears up for another test, will the metal market bring any more…
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Technical Analysis

Gold Breaks Triple Top as $1960 is Tested

David Kindley Oct 19, 2023 77 0

The yellow metal continued to hover at a 2-month high as geo-political tensions continued. A pullback from $1960 hasn’t stopped bulls from maintaining their aggressive stance. With the dollar taking a slight correction, will this be…
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Technical Analysis

Intraday Analysis 18.10.2023

Jing Ren Oct 18, 2023 53 0

USDCAD consolidates gains The Canadian dollar stalled after a slowdown in September’s CPI. On the daily chart, overall sentiment has significantly improved following a series of swing highs. The pair is still striving to consolidate…
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