Gold

The precious metal gave up nearly half the gains from the previous day. After rising briefly above the 1800 level, gold prices are down about 0.5% on Thursday. Currently, price action is challenging the 1800 level. Given the…
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The precious metal saw an aggressive rally on Wednesday, which took prices well past the 1800 level. The price of spot gold hit intraday highs of 1817 before making a modest retreat. The current gains could continue with any dips…
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The precious metal is making the final push towards the 1800 handle. Price action is gaining momentum as gold is a few points away from the elusive price target. The Stochastics oscillator is also showing renewed momentum to the upside.…
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The precious metal is recovering following last week's decline from a fresh nine-year high. Price action is trading around the 1783 level with the 4-hour chart signaling a Doji candlestick pattern. This could potentially either signal…
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The precious metal closed last week on a flat note near 1774.66. The appearance of the Doji pattern near the nine-year highs suggests a possible pullback. However, there is scope for price action to continue to churn higher. The 1800…
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The precious metal is paring losses as prices are somewhat bullish on the day. Following the downside breakout from the rising wedge pattern, XAUUSD is retracing the losses back to the breakout level. However, gold prices now need to…
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The precious metal failed to make any major gains after prices rose to highs near 1788. The rising wedge pattern signaled earlier results in prices making a short term correction. However, gold is still trading within the larger…
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The precious metal is somewhat bullish as price action inches closer to the 1800 level. Overall, the precious metal is making the best quarterly gains, last seen in March 2016. However, the current momentum remains somewhat weak.…
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The precious metal is trading rather flat on the day following an attempt to push higher. However, with prices trading just below the previous highs, we expect this consolidation to result in a breakout. The bias is slightly to the…
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