Gold

The precious metal is down over 1.5% intraday as price action failed near the 1911.50 - 1900 level of support. This has pushed price action lower. However, the declines might not be out of the woods yet. There is a possibility that…
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The precious metal did not make any major gains, as the recent rally came to a standstill on Monday. Prices were able to rise beyond the 1928 region. This led to a modest pullback. However, the declines will likely stall near the…
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The precious metal rose nearly 2% on Friday breaking past the key resistance level of 1900 - 1911.15. The gains come on the back of a new stimulus bill in the United States, which is under consideration. With price action now clear of…
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Stubborn Jobless Claims Weigh In The US index ended indecisively on Thursday as unemployment claims in America remained elevated. Analysts believe that the labor market will continue cooling down through Q4 as the number of coronavirus…
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Gold The yellow metal has been back under pressure this week. Following a heavy sell-off on Tuesday, from which the market has attempted to recover, gold ends the week in the red as of writing. The rally in equities over the week has…
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The precious metal has been trading muted on Thursday. This follows the modest attempt to pullback following the decline to the 1875 handle. For the moment, this could be the short term range in gold. The Stochastics oscillator is also…
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The precious metal gave back the intraday gains on Tuesday and price action now looks weaker to the downside. Following the reversal near the 1900 region, the resistance level has been tested. We expect the current declines to extend…
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Greenback Gets a Boost with FOMC Looming Risk aversion on the dollar led to the DXY closing 0.44 higher on Tuesday. This marks a significant upturn on the index as it looks to recapture the 94 handle. Donald Trump announced his…
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The precious metal is trading on a softer note after recently breaking past the 1900 level of support. Price action to the upside is looking a little mixed. Thi could potentially put gold prices at risk of a correction back lower.…
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The precious metal closed on Friday with some modest declines. But overall price action shows that we could see some consolidation taking place near the 1900 - 1911.50 level. Given that this level previously served as support,…
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