Gold

Gold prices are slightly bullish, rising over 1.50% on the day. Price action reclaimed the resistance level of 1594. This puts the upside bias into the picture. In the event that prices pullback lower, then we expect the 1594 level to…
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Gold prices broke down below the support level of 1591. This comes as price broke to the downside following the ascending wedge pattern. At the time of writing, prices are retesting the 1591 level once again. If resistance forms here,…
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The precious metal is trading a bit weaker, down over 0.50% on the day. Prices are trading near the 1595 handle. But a strong rebound off this level is keeping the upside intact for now. To see further gains, XAUUSD will need to break…
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Gold prices are trading rather flat on the day following last week's gains. Price action is trading near the ascending wedge pattern amid some choppy trading. If XAUUSD fails to breakout above the previous highs of 1643, then we…
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Gold prices consolidated into the close of last week with an ascending wedge pattern. With price action below the 1655 handle, this suggests a possible pullback to the gains made in the past few days. But the bias remains mixed, however.…
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Gold prices briefly dipped to the 1594 level of support before rebounding slightly higher. With the current momentum in place, there is scope for a move toward the 1655 level of resistance. We, therefore, expect gold prices to remain…
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Gold prices are holding steady after rising above the 1600 level. Support is being tested near the 1594 level currently. If the support holds, then we expect price action to rise to the 1655 level. This will mark a full completion of…
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Gold prices are rising over 4% as price action broke past various resistance levels. The gains came following the major resistance level 1534 was breached quite easily. At the time of writing, gold prices are trading above the 1600…
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The precious metal made solid gains on Monday, rising close to 3% intraday. The gains came as the Fed announced its open-ended asset purchases. Technically, the rebound is, however, met with a hidden bearish divergence. This means…
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Gold prices marked a modest recovery, rising 1.71% into Friday’s session close. With the lower levels seeing higher demand, XAUUSD is firmly trading above the 1462 and 1483 levels. The upside correction in the near term could see…
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