Long Term View On Gold Gold has broken with the previous lows at 1785 and is now retesting and rejecting them. Here is the short opportunity for a daytrade. Daily view on Gold The upside in Gold is capped by today´s Point Of Control (POC) and VWAP (Volume Weighted Average Price). These 2 instruments confluence […]
Key support: 1785 – 1780 Key resistance: 1795-1814 Gold long-term bullish Since the pandemic hit Gold has rallied 42.88% from low to high of the move and has retraced -15.40% from the highs to a massive key level. Buys are still in play as Central Banks keep their asset purchasing programs at all time highs […]
The dollar is hitting back today, fueled by rising US yields. Besides, the dollar also maintains stronger than expected manufacturing figures. While European stocks are in the thick, US futures opened higher. The yen is now the worst, followed by the Australian and Canadian. Overall, it remains to be seen if the dollar will be […]
Gold (XAU/USD) climbed higher in the early European session on Wednesday, as a weaker US dollar (DXY) and the expectation of additional US fiscal stimulus boosted demand for the yellow metal. President Joe Biden’s proposed $1.9 trillion stimulus package continued to make significant progress, as Biden agreed on Tuesday to work with a proposal from […]
After rallying 3.5% Gold has hit a key level and has printed a lower high. We are still trading inside a long term bearish structure. The 1845 level rejection would bring bearish pressure at the breakout of the reversal pattern Broker Benefits Min Deposit Score Visit Broker Award-winning Cryptocurrency trading platform $100 minimum deposit, FCA […]
Gold (XAU/USD) traded on a sideways momentum through the early European session on Monday between the $1819 resistance and the $1808 support. The yellow metal appears to have attracted some dip-buyers over the past few hours and might build on Friday’s bullish recovery from its recent decline to a two-month low. However, the uptick lacked […]
Gold (XAU/USD) struggled to sustain its goodish uptick from yesterday and has renewed its daily low of around $1832 in the early European session on Wednesday. The prevalent risk-on market mood was mostly responsible for the scarcity of demand around gold, which capped any additional gains for it. Also, the pickup in the US Treasury […]
Gold (XAU/USD) traded on a bullish sentiment through the mid-European session on Monday, as investors rode on the massive gains in the silver (XAG/USD) market. However, gold remained confined within last week’s highs amid a goodish bounce in the US dollar, which tends to undermine demand for the dollar-denominated commodity. Gold remained range-bound for the […]
Gold is retesting a big key level where buyers have jumped in the past (Jan. 19,20,22,27 ,28) in confluence with the 61.8% of the Jan 17-20 move but also the 161.8% of the first move of the immediate down move (pink structure) Bullish divergence detected at today´s lows and hidden bullish divergence detected from the […]
