Gold

Gold Despite some initial highs seen earlier in the week, buying pressure has reversed in the yellow metal for the week. This caused the safe-haven to go negative on the week following a large sell-off on Wednesday. The sales seen…
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The precious metal remains weak as price fell for the second day. However, the pace of declines was limited as XAUUSD is currently helped by the long term rising trend line. With the Stochastics oscillator in the oversold level and the…
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The precious metal gave back the gains made over the past few sessions as price failed to hold on to the support level near 1967. This led to gold prices falling further. The lower high formation and the current price action could…
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The precious metal made modest gains on Tuesday as prices fell back to the support area near 1987. As long as this support holds, we could see price action attempting to push higher. However, note that the lower high could indicate a…
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The precious metal is holding on to its bullish momentum since Friday. Price action is back to testing the resistance level near 1967. Price action briefly tested this level on Thursday before being rejected near the 1967 handle. A…
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The precious metal recovered from the declines from Thursday as Friday's price action pushed price higher. Gold prices settled near 1963 into Friday's close. A familiar resistance level price action on the intraday charts was somewhat…
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Gold The yellow metal has been lower this week in light of a late-week pickup in the US dollar. The greenback moved higher in response to comments from Fed Chairman Powell who was peaking at the annual Jackson Hole symposium. Powell…
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The precious metal rose intraday to briefly tested the resistance level near 1967.13. However, price action was quickly rejected, pushing gold prices lower as a result. For the moment, price action is still trading well above the…
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Gold prices were trading volatile after price action fell to intraday lows of 1902.55 before pulling back higher. The main resistance is seen at the 1967.13 level which could be tested in the near term if the rebound continues. To the…
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The precious metal is trading weaker on Tuesday as US and China trade talks resumed. This boosted the risk-on sentiment, pushing the safe haven lower. Price action is now trading below the 19th August lower close of 1927. This…
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