Gold (XAU/USD) traded on a sideways pattern in the early European session on Tuesday, as the commodity struggled to capitalize on its bullish momentum from the previous two sessions. It appears that the market has begun pricing in the possibility of a Democratic win in the crucial US Senate runoff elections in Georgia. The final […]
Gold has rallied to a massive level which was where seller jumped in and Gold dipped 6% and 10% respectively after (Sept 15 & Nov 09 2020). Technically speaking this level confluences with the retest of the current structure, major short term bullish target and massive bearish divergence. This short idea is risky and should […]
Near-zero interest rates and a bolstered economic outlook amid improving COVID-19 vaccine rollout has caused the US dollar (DXY) to slide even further, boosting demand for gold (XAU/USD). China’s Renminbi grew by about 1% in the early Asain session on Monday, as the USD/CNY falls below a 30-month low for the first time. The Chinese […]
After old hit and rejected 1900 it pulled back to retest 1870 and has been trading inside of a 150 pip range for the past 2 sessions. We are still trading inside of the mid term bullish structure and should price break with today and yesterday’s highs a retest of the 1900-1905 zone would be […]
Gold (XAU/USD) continued its sideways journey in the early European session on Wednesday, as the commodity is locked in a battle with the $1880 price point. The yellow metal could not capitalize on last week’s goodish bounce to the $1900 psychological figure amid the flourishing upbeat market risk mood. The global sentiment got more bolstering […]
Gold (XAU/USD) has renewed its daily lows in the early European session, although it lacked any follow-through strength. The precious metal is currently trading around $1885 after reaching a daily low of $1877 a few hours ago. The downward pressure on the US dollar (DXY) increased on the first day of the week, following President […]
Gold (XAU/USD) began 2020 a few dollars above $1,500 and rose to $1,700 by the end of February. The selling pressure surrounding the US dollar (DXY) was responsible for this rally. The dovish stance in the US Fed monetary policy in the second half of 2019 caused the greenback to slide against other financial assets. […]
Gold (XAU/USD) has regained stability in the mid-European session, following a sharp dip to a three-day low earlier today. The drop came just a few hours after the precious metal recorded a fresh 41-day high around $1907. The decline was majorly sponsored by the strong pickup in US dollar (DXY) demand, which tends to undermine […]
Bitcoin (BTC) ranks first in the ranking of the largest cryptocurrencies by market capitalization. Bitcoin originated in 2009 when it was launched. The Bitcoin whitepaper was released earlier on October 31, 2008, by Satoshi Nakamoto. Digital or virtual currencies are disruptive technologies that seek to disrupt ideas and technologies that are not just a few […]
