Gold

Gold prices are back up, trading close to 0.90% on the day. This marks a reversal of the declines from the previous session. Price action is trading above the 1691 level for the moment. The trend line will be of interest. An upside…
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Price action in gold remains somewhat mixed. However, over the past few sessions, there is a descending triangle pattern that is likely to emerge. The support level is at 1671.95 which has been tested twice so far. If gold prices lose…
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Gold prices are likely to continue to trade within the levels of 1712.47 and 1691.76. This comes as risk appetite is improving slightly. With prices trading within the said levels, the bias also remains mixed. There is scope for both…
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Gold prices are trading modestly flat with the bias staying mixed at the moment. Price action is caught between the resistance and support levels of 1712.50 and 1691.75. A breakout from this range could see a short term direction…
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The precious metal is likely to emerge from its sideways range. The consolidation since April 14th saw prices trading flat. Following the previous highs near 1726.18, gold prices pulled back to April 21 lows of 1683.20. Gold prices…
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The precious metal extended declines last week to test the support level of 1671.95. However, price action quickly reversed those declines to move modestly higher. XAUUSD is now trading within the levels of 1712.50 and 1671.95. A…
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Gold prices are trading rather mixed on the day. Price action is strongly consolidating near the price level of 1712.50. For the moment, the resistance level is holding up. This could confirm the downside in prices. The minor…
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Gold prices are down close to 0.20% on the day. Price action, however, remains a bit flat, trading close to the resistance area of 1712.47. A strong continuation of the downside will confirm that the resistance level is valid. This…
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Gold prices are bearish for the third consecutive day. This comes after the support area at 1712.47 failed to stall the precious metal from further declines. After losing this technical support, gold prices fell to intraday lows of…
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The precious metal is down over 0.80% intraday. The declines come as investors' risk-on sentiment prevailed. Prices failed to breakout past the highs near 1738.60. This led to a breakdown pulling XAUUSD to the lower end of the…
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