Gold

The precious metal is trading flat after prices fell sharply just the day before. For the moment, gold is trading below the key price level of 1747.00. There is scope for price to briefly retest the 1747.00 handle. A breakout above…
Read More

Gold prices are retreating just after the intraday action saw prices rising to an eight-year high of 1764.92. The declines come just after the precious metal rose past the previous highs from mid-April this year. The strong…
Read More

The precious metal rose just under 1% on Friday, settling at 1743.94. But, this was not before rising to intraday highs of 1751.42. This also marks the upside target of the ascending triangle pattern. Gold prices were consolidating…
Read More

Gold prices are up close to 0.80% on the day led by a modest risk-off rally. This comes amid renewed tensions between the United States and China. The breakout off the 1712.50 level comes after a prolonged period of consolidation.…
Read More

The precious metal is trading back near the technical resistance level of 1712.47. As the sideways range is maintained, we expect prices to drift lower. There is also a trend line that will come in as dynamic resistance keeping a lid…
Read More

The precious metal is on a rebound once again as price action is steadily rising after slipping to 1691.76. The upper level near 1716.57 could come in as resistance unless there is a strong breakout. As a result, we expect gold prices…
Read More

The current XAUUSD formation hints to a 5-wave impulse consisting of cycle waves I-II-III-IV-V. Wave V consists of primary sub-waves ①-②-③-④-⑤. Currently, correction ④ seems to be forming an intermediate  (A)-(B)-(C)-(D)-(E) triangle.…
Read More

Gold prices are trading a tad weaker, giving up some of the gains from the previous session. Despite price action breaking past the 1712.47 level, gold prices have slipped back below. The downside bias is toward the support at…
Read More

The precious metal continues to trade rather flat with a strong range established within the levels of 1738.65 and 1678.31. This sideways range is now into its third week of consolidation. There is no clear trend that is showing so far,…
Read More

Gold prices advanced slightly higher on Friday last week but only to give back some of the gains. Price action broke to the upside of the falling trend line, briefly rising above the 1712.50 price level. However, failing to build upon…
Read More