Gold

UK100 (FTSE) hitting multi-month lows The UK100 (FTSE) was another index reeling from President Trump's trade war as prices hit another fresh low. The index is looking to avoid losing further ground, as a bounce at 7600 prompted…
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Gold managed to hold above 2952-56 and rebounded toward the 3055 resistance. As we see from the chart and if prices hold below the 3055 resistance, another drop wave towards 3020-22 and 2955-70 will be expected. Above 3055 more…
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One of the truisms of trading, which is particularly relevant to forex, is that the most successful traders tend to be the best at mitigating risk. This makes the market particularly skittish if not outright paranoid. The market will…
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Gold met the target of 2980-90 yesterday and managed to hit a rebound correction so far toward 3015. As we see over the chart, the market is facing the first Intraday resistance around 3030, where as long as prices remain below it the…
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Gold fell below the support 3055 last Friday and met the target of 2980. As we see over the chart, the market is now facing resistance around 3055 and support around 2980-90. Above 3055 more advance will be expected with resistances…
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SPX 500(S&P) drops lower The SPX 500(S&P) opened the new week lower after the market continued to digest Donald Trump's trade tariffs. If price action stabilises and hits a bottom around 5000, a series of higher lows could help…
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Gold Intraday Indicator start to show weekness which may lead for farther drop correction movement As we see over the chat and as long as market holding support 3055-65 a chance for another advance toward 3150 may hit the market Below…
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XAU/USD looking for another record As the dollar looks for its next direction, the announcement of US auto tariffs heightened concerns over this week’s reciprocal measures. Gold traders could be fearing the worst if more buyers enter the…
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