TECHNICAL ANALYSIS – COMMODITIES: Gold prices digesting losses near $1800/oz after sharp reversal lower Crude oil prices idling at chart resistance, trend bias favors weakness Copper prices retesting the underside… Read more »
Short-term Elliott wave view in Gold suggests that the cycle from 03 Sep 2021 high is unfolding as a (A), (B) and (C) structure to complete wave ((Y)). The correction… Read more »
Gold has been subjected to selloffs that pushed it towards the $1783 level, settling around $1790 as of this writing. In the middle of the week’s trading, gold experienced its… Read more »
In general, gold suddenly looks a lot less interesting than it did just a few sessions ago. Advertisement Afraid of market volatility? Gold is a great safe haven asset … Read more »
Falls toward trendline support The price of gold fell below its 100 and 200 hour moving averages (blue and green lines) at $1817.43 and $1812.69 respectively. The move below both those moving… Read more »
Gold bulls saw their efforts falling apart around the tough resistance of 1,835 on Friday despite setting a solid foothold around the 200-day simple moving average (SMA). The battle, however,… Read more »
What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence’s Mike McGlone, a merged exposure of Bitcoin (BTC), gold, and government bonds. The senior commodity… Read more »
Gold Technical Price Outlook: XAU/USD Near-term Trade Levels Gold prices are off fractionally this week with XAU/USD down just 0.32% to trade at 1811 in early US trade on Thursday…. Read more »
The price of gold is still stable around three-week highs, reaching the level of $1819 as of this writing. The gains of the yellow metal came as the yield of… Read more »
As we mentioned in our analysis last July with respect to the evolution of gold, during the first half of the year gold lost 7% mainly due to the strength… Read more »