Gold

Gold prices are posting a strong rally as price is up close to 1.10% intraday. Price action is now trading close to the previous highs that are formed. A breakout above 1738.50 could potentially confirm further upside. But failure…
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The current XAUUSD structure suggests that we are near the end of the cycle-degree impulse that consists of sub-waves I-II-III-IV-V. Wave V of the 5-wave impulse consists of primary sub-waves ①-②-③-④-⑤. It is also an impulse. After…
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A day after posting declines, gold prices are recovering, erasing the gains from the previous session. Prices are up close to 1.50% intraday as gold is seen trading close to the price level of 1712.50. As long as prices do not break…
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Gold prices are down close to 1% on Tuesday. But price action is showing signs of slight recovery near the support area of 1671.95. A rebound off this level could see gold prices testing the upper end of the range at 1712.50. As long…
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Gold prices are recovering following the sell-off from last week. Price action fell to the expected support level of 1671.95. Following this decline, prices are rebounding. We expect a possible move higher. The previous level of 1712…
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Gold prices closed last week with a doji candlestick pattern right near new highs. Price pulled back after testing highs of 1747.04. The set up suggests a possible pullback lower. As long as price does not close above the 1709 level,…
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Last Week’s Highlights US Housing Data Hit Hard by the Pandemic The monthly housing starts data, which is a measure of the number of new residential construction projects, fell 22.3% in March. Data from the Commerce Department showed that…
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Gold prices eased into Friday’s close, losing just over 2% after hitting highs of 1747. The declines accelerated after the higher low near 1712 gave way. The current declines could see gold testing lower support near 1671.95. As a…
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Gold prices pulled back after posting a fresh seven-year high. But a day after the retracement, gold is back to testing the previous levels. As a result, an interim support level is formed within the 1712 and 1700 levels. As long…
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Gold prices are down about 0.40% intraday. The declines come after prices briefly rose to highs of 1747.04 on Tuesday this week. Despite the retracement, price action in gold remains solidly poised to the upside. The lower support…
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