Gold

The precious metal is seen rising from the three-week low it hit earlier this week. Price action is currently up over one percent intraday as it approaches the 1967 level where we might see some resistance building up. A close above this…
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The dynamics of gold are changing. Traditional investor behavior remains dominant, but technology is updating the way gold prices move at least in the short term. The changes might be somewhat subtle and have more implications for…
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Following the strong declines, the precious metal is stabilizing after falling to a three week low on Wednesday during the early Asian session. Price action is now somewhat strong having established support near the 1900 region. To…
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Dollar Keeps Its Handle The US index closed positively for the fourth day in a row as continued talks of a stimulus package remain hopeful. The dollar is reacting to the strong producer price index (PPI) data from the US yesterday. This…
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The precious metal is posting its first proper correction in nearly three months. Gold is down over 3.5% intraday after it broke out from the rising price channel. The support area near the 1967 handle has also given way. The current…
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Gold soared to record highs on the 7th of August. However, recent risk sentiment has evidently shifted. The current Tenkan line is acting as a resistance pulling the price to trade closer to the Kijun line, indicating a downward…
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The precious metal is trading soft on Monday right after prices touched a new all-time high last Friday. The pace of declines is, however, limited. This means that the upside is still likely to prevail. On the 4-hour chart, we see…
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The precious metal gave back some of the gains on Friday after price reached a new all-time high last week. Gold prices were trading above the 2050 handle rather comfortably. However, price lost out into the close to settle near the 2031…
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The current XAUUSD structure suggests a cycle impulse V. It has so far completed its first four waves. The market is currently forming a bullish impulse wave ⑤ of the primary degree. This consists of intermediate sub-waves…
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Employment Data To Lift Dollar Gloom? The US index looked firmer on the opening session this morning as it regained a foothold above 93. This comes after recording new 2020 lows from the end of last week. Increased hopes of a deal in the…
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