Gold (XAU/USD) traded on a directionless bias through the early European session, as it remained range-bound. The yellow metal was last spotted trading around the $1855 level. The prevailing drawdown in the US Treasury bond yields kept the pressure on the US dollar (DXY), which extended support to the dollar-denominated commodity. The US bond yields […]
Gold (XAU/USD) traded with on a bullish momentum in the early European session on Monday, as it rebounded by over $35 from a low level not seen since early December last year. The intraday rebound was triggered by the risk-averse mood sweeping across markets, which tends to bolster demand for the precious metal. Growing concerns […]
Fundamentally speaking I like the upside in Gold A LOT. With this Blue Wave coming in the US (Big Democratic Control) we are going to see a lot more social based bills passed and more liquidity injection, a.k.a QE. This will kick the US Dollar down and metals, all safe heavens like the Yen actually, […]
Last month the US substracted 140K jobs on the worst Non-Farm Payrolls since April. Gold failed to climb higher but is now retesting the 1860 level which is also the 2.618 of the last pullback. This finished the ABC pullback of the previous bullish move. This long signal is risky since we are facing an […]
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 […]
