XAU/USD broke above a 4-month downslope resistance trendline, aiming towards $1,900. XAU/USD rallied on higher US consumer inflation above 6%, the highest in 30 years. XAU/USD: Trading sideways, within the $1,840-65 range. Gold (XAU/USD) is steady...
Gold bulls run up an impressive gain towards weekly trendline resistance/. The focus is on a correction according to the W-formation on the daily chart. Friday’s Nonfarm Payrolls and the hope of a significant fiscal package weighed on US...
As precious metals traders have waited out this extended sideways/downward price contraction in price over the past 14+ months, a very broad Pennant/Flag price formation is nearing an APEX level which suggests Gold may begin a new rally phase over...
Gold price extends the downside to test critical daily support. US dollar and US yields continue to press higher, weighing on gold. $1,680 is eyed in this regard as per the weekly chart.The price of gold is in a firm downtrend for the month...
Gold is trading below the prior day’s close and eyes are on the downside. The key support levels to watch are $1,790, $1,780 and $1,770. The gold price is trading in familiar territories, but the bulls attempted a test near to the critical...
For the past few decades, gold traders have largely transitioned towards using gold candlestick charts much more than any other tool for conducting technical analysis. Thanks to the simplistic appearance of these charts, they can provide detailed...
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