Gold

The precious metal is seeing another down day in the markets. The risk-on sentiment in the market is pushing the safe-haven asset lower. Gold prices lost close to $33 on Monday and the declines continue on Tuesday as well. Price action…
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The precious metal broke the support near 1850, falling to a four-month of 1830 before pulling back moderately. The declines come amid rising optimism of a Coronavirus vaccine. The US dollar rebounded, adding further pressure to the…
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The precious metal made some modest gains on Friday, but the upside momentum is starting to look weaker. Following the recent rise to the 1950 handle, the failure to breakout has led to weaker price action. While the 1850 level of…
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Gold Gold prices have continued lower this week despite weakness in both equities markets and the US dollar. It’s been a tricky week for traders. Establishing a directional grasp on the markets has been difficult given the mix of themes…
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The precious metal is trading lower as price action is on track for a three-day losing streak. The declines come following the Doji pattern that emerged on the daily chart on Monday. The continuation lower could see prices testing the…
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The precious metal continues to trade flat and in a rather tight range. This comes as price action remains supported above the 1850 level in the longer term. However, the daily candlestick pattern indicates a possible move to the…
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The precious metal continues to trade flat with price action entering a tight sideways range below 1900 and above 1880. The sideways range comes as the news of the Coronavirus vaccine offsets the new number of cases in the US. For the…
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The precious metal did not react much to the latest COVID-19 vaccine news from Moderna. While price initially slipped, gold prices managed to stabilize into the close. For the moment, the support level near 1850 is firmly established.…
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The precious metal made attempts to recover from the losses over the week. However, the rebound remains weak for the moment, with the overall set up looking bearish. Following the rebound off the 1850 handle, gold attempted to make…
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