Gold

The gains in the precious metal saw price rising to the 1950 level. This marks the second retest of this level since November 2020. Previously, prices fell back right after testing this level. At the moment, the Stochastics oscillator is…
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Gold prices popped higher as the US dollar continued to extend declines. The pace of gains in the precious metal was however bigger, rising almost 2% intraday. The gains come amid a mixed set of narratives, including the Georgia senate…
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Gold was seen consolidating near the 1900 level. Price action previously tested this level before pulling back recently. In the process, we have a potential ascending triangle pattern emerging. If the 1900 level of resistance breaks,…
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The precious metal is trading somewhat bullish, building upon the gains from Tuesday. Price action is on track to close with gains for two consecutive days. However, the pace of gains remains subdued for the most part this week. For…
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Trump Appeals for Larger Stimulus The US dollar dropped by 0.24% yesterday, falling back to the lowest levels seen since April 2018. Progress on additional US stimulus saw fresh selling and a move back below the 90.00 mark. This…
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The precious metal is on track to close on Tuesday with some modest gains. This puts price action to reverse the declines from the day before. For the moment, the overall trend remains flat. Within the short term price charts, the…
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Gold Gold prices are trading mostly flat so far this week. Prices have reversed lower from initial highs posted on Monday. Price has turned lower in light of the strong rally taking place across equities markets in the final few days of…
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The precious metal is on track to close flat on the day for Monday. This comes as prices attempted to rise intraday. However, as the momentum fizzled out, gold prices form a lower high. This could potentially trigger a short term…
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Gold continues to trade flat, stuck within the range of 1850 and 1900 levels. Price action was a bit volatile into the close of last week. However, there was a modest rally posted heading into Thursday's close. For the moment, gold…
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The precious metal is trading weaker on Tuesday despite a modest risk-off sentiment. Price action is trading rather flat, indicative of the holiday-thinned trading. For the moment, gold prices are supported above the 1850 level. As…
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