Gold

Gold prices opened higher on Monday, but price action has failed to make any major gains. We expect to see a flat close which could potentially suggest the downside building up. This also coincides with the lower high that is currently…
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Gold prices rose over 0.8% on Friday but prices stalled near previous highs of 1733.0. While this is a minor resistance level, the gains could push price action closer to the next main resistance level of 1747.00. Only a convincing…
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The precious metal is trading somewhat bullish as it attempts to recover the losses from the previous two sessions. However, the intraday charts show a consistent lower high forming, alongside lower lowers. This is indicative of a…
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Gold prices are pushing lower after the precious metal failed to find support at 1717.65. The breakdown below this level has led to gold falling over 0.80% intraday. Prices are now trading off a minor support level at 1696.50. If…
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The precious metal is trading rather flat as the momentum is easing. Gold prices are trading close to the 1728 level as the rising trend line is broken. As long as XAUUSD does not rise above 1731.70, we expect the bias to remain to…
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The precious metal is trading on a soft note with prices down about 0.5% intraday. This comes as gold trades within the consolidating wedge pattern. At the time of writing, prices are trading just below the rising trend line. But…
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The precious metal made modest gains into Friday’s close, rising 0.53%. But price action is now consistently making lower highs. For the moment, the declines are rejected off the dynamic support from the rising trend line. The lower…
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The precious metal gave up the gains and as a result, price action posted a lower high. This came in right near the resistance level of 1747.00. Following this, gold prices fell further as price action is now in consolidation. The…
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The precious metal is posting a recovery rally following the sell-off from the previous sessions. Price action is back trading near the 1750 handle after slipping to lows of 1731 earlier. But with the previous high at 1764.90 level,…
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