Gold

XAUUSD hints at forming a primary impulse wave ⑤ which is part of impulse V of the cycle degree. The first three parts of the impulse pattern ⑤ are complete. At the time of writing, correction (4) of the intermediate degree is taking…
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The precious metal is taking it easy amid a strong risk-on rally that is pushing equity markets to record highs. The risk-on sentiment comes on optimism on the developments for the treatment of the virus. Price action is supported…
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The precious metal closed last week on a flat note, right after the strong declines from the week before. With price firmly below the 1967 level, we expect gold prices to consolidate in the near term. As long as price action is below…
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The precious metal failed to make further gains beyond the 2000 level. Prices only briefly traded near this level before giving up the gains. Following the failed test at 2000, the precious metal fell lower, breaking past the 1967 level…
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The precious metal is trading on a weaker note on Wednesday following two days of consecutive gains. Price action is reversing direction just below the 1988 level of resistance. Ideally, we expect to see gold rising toward this level…
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The precious metal is giving back some of the gains after price rose toward the 2020 region on Tuesday. The gains come after gold prices managed to clear the 1967.12 level of support. However, to the upside, the next key resistance…
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The precious metal is resuming its bullish trend with price action trading slightly above the 1972 level of resistance. A strong close above this level or at the very least a bullish continuation is required  This will confirm the…
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Price action in the precious metal is showing a slowdown in the pace of gains. Following nine weeks of gains, gold prices ended the week on a bearish note. While price has managed to rebound off the lows near 1875, it has yet to…
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Dollar Takes a Step Back After Recent Optimism The US Index saw a slight progression as the weekly unemployment claims dropped below one million for the first time since March. However, this could not prevent the US index from closing…
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Gold The yellow metal has seen plenty of volatility this week. A steep sell-off earlier in the week saw price peeling away from recent all-time highs. However, the dip quickly found buyers and price has managed to stem those earlier…
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