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Gold

Gold Looking to Correct at $1800!

David Kindley Feb 28, 2023 103 0

The yellow metal is under further pressure as economists seek the next support level. Prices at the $1800 level have not been seen in over 2-months as traders gear up for the next test. With the dollar being robust in the last few…
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Fundamental Analysis

Gold Bulls Pick a Fight With the Fed

Daniel John Grady Feb 24, 2023 122 0

Gold prices have been falling all month, and it opens the question whether this is a new trend, or can we see a turn around? Well, the latest macro data from the US paints a somewhat gloomy picture for gold in the short term. But beyond…
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Technical Analysis

Gold Continues the Drop to $1800!

David Kindley Feb 24, 2023 108 0

Gold continued its slide toward the $1800 handle as traders await today’s PCE data. The move confirms the continued sell-off since the previous NFP reading. With the Dollar moving higher, are we in for a major correction, or will the…
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Technical Analysis

Gold Finds Support After Hitting Year Low!

David Kindley Feb 20, 2023 88 0

Gold prices dropped to their lowest level this year as the yellow metal looks for support. FOMC minutes this week could also shake up the dollar even further. Could a further sell-off send Gold towards the $1800 level, or can bulls…
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Technical Analysis

Gold Continues Sell-Off, $1800 Closing In?

David Kindley Feb 16, 2023 87 0

Gold prices extended their losses in the aftermath of America’s CPI data. The yellow metal dropped past prior psychological support of $1,850. With the greenback remaining resilient, retail sales gave the dollar a boost. Timestamps…
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Technical Analysis

Gold Begins Choppy Climb to $1900!

David Kindley Feb 9, 2023 97 0

Gold has recovered over $20 so far from its collapse last week. After losing almost $100 after a few sessions, the $1900 area is again the next physiological level. Will we see another downturn on the yellow metal, or can prices…
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Technical Analysis

XAUUSD Incomplete Triple Zigzag Hints at Further Growth

Roman Onegin Feb 8, 2023 114 0

It is assumed that a triple zigzag pattern is formed for gold in the long term. This consists of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Perhaps the first two sub-waves Ⓦ-Ⓧ have ended, and the third sub-wave Ⓨ is under development. The internal…
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Technical Analysis

Gold Finds Resistance at $1950!

David Kindley Jan 27, 2023 151 0

Gold price retreated from the $1,950 handle, which is the highest level since April 2022. Modest Dollar strength weighed on the yellow metal as the DXY found some support. Recession fears should limit THE losses for Gold and…
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Technical Analysis

Gold Continues Bull Trend!

David Kindley Jan 23, 2023 85 0

Gold is continuing to push higher as the yellow metal hits a 10-month high. This comes on the back of weak US data including softer inflation and signs of slowing wage pressures. On the flip side, the Dollar Index continues to…
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Technical Analysis

XAUUSD Intermediate Triple Zigzag To End Near $2K!

Roman Onegin Jan 16, 2023 215 0

XAUUSD continues developing a large correction pattern that forms a cycle triple zigzag. There is a possibility that the cycle wave z also takes the form of a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It is possible that the primary…
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