Gold surged to an all-time high of $2,942.70 per ounce on Tuesday, February 11, amid growing market uncertainty following President Trump’s latest tariff announcement. The rally reinforced gold’s status as a safe-haven asset, even as Bitcoin, often dubbed “digital gold,” struggled to maintain its momentum. Gold Retains Its Safe-Haven Appeal On February 11, it reached […]
Gold price (XAU/USD) continues its upward momentum during early European trading on Friday, benefiting from concerns over US President Donald Trump’s tariff proposals. The uncertainty surrounding potential trade policies has driven investors toward the safe-haven metal. Additionally, a decline in US bond yields further supports gold’s rally. Despite these gains, expectations that the US Federal […]
Market Analysis – February 6 Gold (XAUUSD) has become overbought as the price reaches a major resistance level. The Relative Strength Index (RSI) currently stands at 73.37, indicating overbought conditions and suggesting a possible continuation of bearish movement in the short term. Meanwhile, the Simple Moving Average (SMA) at $2,800 serves as a potential support […]
Market Analysis – January 30 XAUUSD is nearing key resistance levels while maintaining a bearish momentum. The Moving Average Convergence Divergence (MACD) indicator signals weakening bullish strength as the MACD line approaches a bearish crossover with the signal line. Additionally, the price remains slightly above the 9-day Simple Moving Average (SMA) at $2,750, indicating short-term […]
Bitcoin bulls remain cautious ahead of the US Federal Reserve’s FOMC meeting on Wednesday, while Gold continues its rally, eyeing fresh all-time highs at $2,800. The market is keenly watching the Fed’s policy stance, which could determine the next major moves for both assets. Bitcoin Faces Selling Pressure but Could Rebound Bitcoin’s price is experiencing […]
Market Analysis – January 23 Gold (XAUUSD) market analysis signals an impending bearish reversal trend. The Relative Strength Index (RSI) indicates an overbought condition at 70.33, which often precedes a potential price reversal. The 9-period Simple Moving Average (SMA) at $2725.0 currently serves as a dynamic support level. However, the divergence between price action and […]
Market Analysis – January 16 XAUUSD market potential shift to bearish momentum ahead. The XAUUSD chart incorporates the 9-day Simple Moving Average (SMA) and the Relative Strength Index (RSI). The SMA, currently at $2670.0, is positioned below the price level of $2720.0, signaling that the price is overextended and could be due for a reversal. […]
Market Analysis – January 10 Gold continues its struggle to recover from the sharp decline below the trendline that supported its bullish trend. The resistance level at 2715.0 remains a formidable barrier, stalling any meaningful restoration of the uptrend. Gold Key Levels Demand Levels: 2600.0, 2531.0, 2431.0Supply Zones: 2715.0, 2790.0, 3000.0 Gold Long-Term Trend: Ranging […]
Market Analysis – January 2 Gold prices are currently confined within a narrow range as the resistance level at 2715.0 and the support level at 2600.0 consistently limit price movements. This consolidation phase has restricted directional momentum, resulting in a range-bound market structure. Gold Key Levels Demand Levels: 2600.0, 2531.0, 2431.0Supply Levels: 2715.0, 2790.0, 2900.0 […]
