Market Analysis – May 1 Gold (XAUUSD) continues to display sustained bullish momentum, holding above key support zones. The Relative Strength Index (RSI) on the daily timeframe is currently around 58.84, signaling a steady bullish bias, though easing slightly from prior overbought conditions. The 9-day Simple Moving Average (SMA), located near the $3,340 level, remains […]
Market Analysis – April 24 Gold (XAUUSD) remains bullish, with the recent retracement offering fresh buying opportunities. On the daily chart, the 9-day Simple Moving Average (SMA) is currently positioned around $3,290 and continues to slope upward, signaling sustained bullish momentum. The Relative Strength Index (RSI) is at 64.03, still within bullish territory but easing […]
The US Dollar Index (DXY) has plummeted to a three-year low, amplifying investor interest in store-of-value assets like gold and Bitcoin. DXY, which tracks the greenback against a basket of six major currencies, dropped to 98.23 this week—its lowest since March 2022—according to TradingView. Gold investor Peter Schiff highlighted the situation, stating, “The Dollar Index […]
Market Analysis – April 17 Gold (XAUUSD) continues its upward trajectory as key support levels remain firm. Gold has extended its rally, supported by solid foundational zones and a sustained bullish sentiment. The 9-day simple moving average (SMA), now situated around $3,140, serves as dynamic support, while spot prices linger near $3,300—well above this short-term […]
Glassnode has underscored the impressive endurance of hard assets like Bitcoin and gold, even as global economic conditions remain turbulent. In its April 16 update, the on-chain analytics firm emphasized that these assets continue to outperform traditional investments, despite ongoing macroeconomic challenges. Gold Breaks Records While Markets Face Volatility Volatility in U.S. Treasury yields—ranging from […]
Renowned economist and longtime gold proponent Peter Schiff is once again casting doubt on Bitcoin’s future, encouraging investors to offload their holdings in favor of gold mining stocks. Calling Bitcoin “the ultimate risky asset,” Schiff believes the smarter move during these volatile times is to pivot toward traditional safe havens. In his latest critique, Schiff […]
Schiff: Dump U.S. Debt and Empower Chinese Consumers Schiff has renewed his call for China to take drastic measures amid the escalating trade war with the United States. According to the economist and gold advocate, the most effective strategy would be for China to dump its vast holdings of U.S. Treasuries and dollar reserves. In […]
Market Analysis – April 10 Gold (XAUUSD) continues to demonstrate strong upward momentum, with price action moving steadily toward successive resistance levels. On the daily timeframe, a bullish crossover is evident on the Moving Average Convergence Divergence (MACD) indicator, as the MACD line crosses above the signal line—indicating sustained buyer strength. The accompanying histogram has […]
Market Analysis – April 3 Gold is maintaining a strong bullish momentum with the possibility of further gains. The 9-day Simple Moving Average (SMA) currently sits around $3,070, serving as dynamic support for the ongoing uptrend. The MACD histogram remains in positive territory, with the signal line positioned above the zero level, reinforcing the bullish […]
