Gold (XAU/USD) is currently facing a significant resistance level at 2484. A breakout above this level could indicate a resumption of the uptrend that began from the low of 1810 on October 6, 2023. If this happens,...
In this technical article we’re going to take a quick look at the weekly Elliott Wave charts of GOLD (XAUUSD ) commodity , published in members area of the website. As many of our members are aware,...
On Wednesday, gold prices experienced some fluctuations, finding support above 2378 and facing resistance below 2407. This movement suggests that after a short-term dip, gold may be poised for an upward trend. Key Levels to Watch Potential...
Gold prices have recently shown some volatility, experiencing a dip while also finding support at key levels. Let’s take a closer look at the current market situation and what traders can expect in the coming days. Recent...
Last Friday’s gold price action provided valuable insights into its potential near-term direction. Let’s break down the key levels and possible scenarios: Recent Price Action This pattern suggests that gold may continue its downward trend following a...
The precious metals market, particularly gold, has been a hot topic in the first half of 2024. Let’s take a closer look at the performance and future prospects of these valuable commodities. First Half Performance Gold and...
Gold-to-Silver ratio had an overshoot to the upside during the Covid-19. It ended the all-time high on March 2020 at 126.4. The peak time is similar to the major low in World Indices. The ratio then quickly...
The XAUUSD (spot gold) remains in an overall uptrend that originated from the 1810 level. The recent pullback from the 2431 high is likely a consolidation phase within this broader uptrend. Range-Bound Trading Expected Over the next...
Gold (XAUUSD) remains locked in an uptrend, having recently found support at the rising trend line on the daily chart. This suggests continued buying pressure and opens the door for further upward movement in the coming days....
Gold has long been seen as the refuge for investors who are concerned about economic downturns and inflation. And it’s tempting to attribute the metal’s price movements to factors like supply and demand, the dollar and interest rates. But...
