Gold

Gold Gold prices have been higher across the week, benefitting from the pullback in the greenback. Following the rally over the prior week, the dollar declined as inflation data came in below expectations. While headline CPI for…
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XAUUSD bounces from key daily support A pullback of the US dollar across the board has offered the precious metal some respite. Last June’s low of 1675 on the daily chart might have stopped the bleeding as investors bought the dip.…
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The precious metal has been posting declines for three consecutive weeks so far. Price action closed at 1703.12 on Friday, marking a nine-month low. The declines accelerated after gold failed near the key support area of 1800. Looking at…
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On the 1H timeframe for gold, we see the formation of a major correction (4) of the intermediate degree. This is a bearish triple zigzag consisting of five minor sub-waves W-X-Y-X-Z. The correction itself (4) is part of the global bullish…
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The precious metal continues to trade weak with price action extending declines for a third consecutive day. The declines come as Treasury yields are rising higher. Investors are betting that the global economy will re-open quicker than…
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The precious metal is failing to capitalize on the support level it established near the 1764 handle. Prices are falling for the second day, albeit the pace of declines is limited in comparison. To the upside, the reversal comes just a…
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The precious metal pulled back just a few points away from the 1817.79 level of technical resistance. The Stochastics oscillator which is currently signaling a hidden bearish divergence could see a continuation in price to the downside.…
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The precious metal is posting strong gains on Monday, capitalizing on a weaker greenback. As a result, price action is up over 1.5% intraday and is trading near a four-day high. Despite the current gains, XAUUSD will need to breakout…
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