Gold

The recent reversal in gold prices has pushed the precious metal close to the previous highs. Price action reversed direction, just a few points above the technical support of 1700.00. For the moment, price action is testing the price…
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The precious metal did not make any major gains on Friday despite some stock market volatility. However, prices are firmly supported above the 1724 level for the moment. The precious metal attempted to make some gains but prices…
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The precious metal is trading mixed after prices recovered above the 1724 level. Overall, price action in gold remains quite volatile. As a result, the bias is also somewhat mixed. The focus is back on the 1724 level. A close below…
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Gold prices made some modest gains but the rally was capped near the 1724 handle. As expected, price action quickly reversed after a brief test to this level. If the declines continue, we expect XAUUSD to pull back to the 1700 level.…
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The precious metal is up over 1% intraday on Tuesday. The gains came after prices bounced off the lower support level near 1671.95. Following this, the breakout of the falling trend line also confirms the upside view. The next key…
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Gold prices caught a bid following last Friday’s sell-off. Price action quickly bounced back off the 1671.95 level of support. But despite this move, the lower high that is likely to form could be indicative of a move lower. Watch how…
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The precious metal was down almost 1.7% on Friday amid a resurgence of bullish sentiment in the market. The risk-on factor pushed gold prices to slip to a five-week low before recovering slightly. The bias remains flat despite the…
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The precious metal is up over 1.2% intraday on Thursday. The gains came just a day after price action was bearish. But the current gains still keep price action confined within the previous session’s highs and lows. For the moment, a…
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Gold prices are showing signs of downside momentum increasing. Prices fell to a four-week low of 1689.37 before pulling back intraday. The declines come following the failure to post any new higher highs. As a result, gold prices are…
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The precious metal is down close to 0.80% intraday amid improving market sentiment. Following the lower high forming at 1745.14, the declines are potentially signaling a further drop. For the moment, the lower support level at 1717.65…
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