Gold surged on Wednesday, recovering from a weekly low of $2,605, as a softer U.S. Dollar and declining Treasury yields supported the metal. The XAU/USD pair climbed 0.13% to $2,636, buoyed by the release of key U.S. economic data that indicated resilience in the economy, including strong labor market figures and the second estimate of […]
Market Analysis – November 21, 2024 Gold rallied to 2780.0 before encountering signs of exhaustion. A bearish reversal has since taken hold, signified by a break of the bullish trendline and a shift in market structure. The recent price increase appears to be a corrective move within the newly established bearish trend. Gold Key Levels […]
Market Analysis – November 14 Gold is experiencing a sustained decline following the breakdown of the bullish order block at 2640.0. This decline, combined with a bearish breakout from the bullish wedge that had defined price action since August, indicates a significant shift in market sentiment toward the downside. Gold (XAUUSD) Key Levels Demand Zones: […]
Market Analysis – November 7 The gold market has entered an uptrend in the third quarter of the year following a prolonged consolidation phase. This upward movement formed a bullish wedge pattern on the daily chart. Recently, however, the wedge pattern broke to the downside, with prices dipping into a bullish order block, signaling a […]
Market Analysis – October 30 The Gold market is very bullish during this season. The market has reached a new all-time high at 2790.0. The market structure is well aligned within a bullish wedge. The price action seems to show a continuing uptrend even within the high volatility. Gold key levels Demand Levels: 2673.0, 2531.0, […]
Gold has emerged as a star investment this year, thanks to a wave of buying that has pushed it to the forefront of asset performance. Prices have already climbed over 30% year-to-date, and Goldman Sachs anticipates further upside, predicting gold could reach $3,000 per ounce by late 2025—an 8% increase from current levels. The bank’s […]
Market Analysis – October 24 The Gold price has been on a sustained upward trajectory, transitioning from consolidation (April to July) to a decisive impulsive phase. Currently, XAUUSD has reached 2758.50, indicating a likely pullback with the recent formation of a swing high. Gold Key Levels Demand Zones: 2685.60, 2600.0, 2531.0Supply Zones: 2758.0, 2900.0, 3000.0 […]
Market Analysis – October 16 The Gold price has resumed its upward movement following a brief retracement, now nearing the critical swing high at 2675.0. This level, coupled with increasing momentum, indicates a potential breakout as gold aims to extend its bullish trend. Gold Key Levels Demand Levels: 2600.0, 2529.0, 2470.0 Supply Levels: 2675.0, 2700.0, […]
Gold prices showed slight gains on Wednesday, benefiting from a dip in US treasury yields. As market participants await key US economic data, many are keen to assess how this will influence future interest rate cuts by the Federal Reserve.Spot gold increased by 0.3%, reaching $2,667.97 per ounce by 2:17 AM GMT, just $17 below […]
