Gold

Gold Following the volatility last week as gold sold off in response to the USD, gold prices have had a much quieter week. The gold market has traded a very narrow range at the foot of last week’s decline, hugging the 1826.71 support.…
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The precious metal is trading subdued, in anticipation of further news on the stimulus proposal from the new Biden administration. Price action is strongly consolidating near the 1850 handle for the moment. This could continue for a…
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So, the price of gold has been going on a bit of a roller coaster lately. And to make the life of traders a little more interesting, its behavior has been a bit counterintuitive. One would expect that following a massive, politically…
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Price action in the precious metal remains mixed. In the medium-term outlook, the current consolidation near the 1850 level is likely to signal a bearish flag pattern. But price action needs to post a strong close below the 1850 level to…
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The precious metal is likely to close flat once again, marking a flat print for the second consecutive day. Although prices rose higher intraday, the gains quickly disappeared. There is a possibility of prices forming a bearish flag…
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The precious metal is on track to close flat on Monday. Price briefly slipped to test the 1817.80 level before pulling back. Overall, gold prices are currently confined to trade within the 1850 and 1817.80 levels. Only a strong breakout…
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The precious metal continues to post strong declines. On Friday, the commodity lost over 3% into the close to settle at 1847. Prices are now trading near a three-week low. The weekly bearish price action candlestick is also likely to…
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Gold Gold prices started the week on a positive note. However, they reversed lower midweek as the US dollar made a comeback. The greenback rallied in response to the Georgia run-off results. The election outcome removed political…
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The precious metal is posting declines, albeit at a slower pace in comparison to the day before. The precious metal is trading near the 1911 region, which has in the past proven to be a strong support and resistance level. With the…
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The precious metal once again failed to breakout above the key 1950 level of resistance. Following the failure, gold prices lost close to 2.30% intraday. The declines push gold prices back to the key support level near the 1900 - 1911…
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