Gold

The precious metal is attempting to make some gains on the day following the recent sharp sell-off from earlier in the week. Price action is now nearing the recent highs from just the day before. Still, the overall trend looks to be…
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The XAUUSD structure indicates a horizontal intermediate corrective wave (4) consisting of minor sub-waves W-X-Y-X-Z. Once intervening wave X ended, bearish impulse wave ⓐ began its formation, being the first part of zigzag Z. As…
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Gold Gold has been firmly lower this week as the markets continued to digest the latest news within the COVID landscape. Pfizer and its German partner BioNTech announced that their vaccine has achieved more than 90% effectiveness in…
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The precious metal is trading weaker and is likely to regain the bearish momentum. Following the sharp declines on Monday, gold attempted a rebound failed. This led to a lower high with prices pulling back once again. As a result,…
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The precious metal is trading about 1% higher on Tuesday. The gains came after price action fell to the 1850 level briefly. With traders rejecting prices near this level, gold prices made a modest bounce to the upside. Despite the…
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The precious metal is down over 4% intraday. The declines come amid a boost to risk on sentiment in the markets. Gold prices reversed gains, just a few ticks shy of the 1967.13 level of resistance. Following this, the precious…
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The precious metal gained strong momentum as it initially approached the key resistance level of 1929.80. The bullish gains saw a sharp move to the upside with the 1967 level as the next key target. It is possible for gold prices to…
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The precious metal rose over 1.6% intraday following the volatility on Wednesday. Price action is now back near the familiar 1929.80 level. The precious metal attempted to breakout past this level on the previous two occasions but…
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The precious metal is trading flat with price action failing to breakout above the 1911.50 - 1900 level of resistance. For the moment, the bias is to the downside, with price down over 0.43% intraday. However, this holding pattern is…
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