Gold (XAU/USD) maintained its bearish tone through the early European session on Wednesday and was last spotted trading around the $1845 area. The bearish momentum was solely sponsored by a goodish uptick in the US dollar, which tends to undermine demand for the dollar-denominated commodity. The greenback saw a fresh influx of demand amid doubts […]
Gold (XAU/USD) traded on a slightly bearish tone in the early European session on Monday and was last spotted trading around the $1850 area. The yellow metal failed to capitalize on the previous session’s rebound from the $1832 level but instead resumed a bearish decline in the new week. The drop got sponsored by an […]
**GOLD** Back in January 6th Gold broke with the mid term bullish structure started at the end of November 2020 on a 5 wave move (-8%) bottoming at around the 1800 level. Price has now pulled back around 50% or a negative 4% move to retest a previous base around the 1870 level. this level […]
Gold (XAU/USD) etched higher in the early European session on Wednesday, reaching a four-day high of around $1857 over the past few hours. The uptick appears to have been triggered by its recent foray into the $1800 support. The US dollar continued on its descent, which tends to favor the dollar-denominated commodity. Meanwhile, it appears […]
Gold (XAU/USD) remains under heavy selling pressure, as it records a second consecutive weekly decline amid a healthy rebound in the US dollar (DXY), which tends to undermine demand for the yellow metal. The greenback’s recovery was sponsored by the recently proposed $1.9 trillion stimulus measure by President-elect Joe Biden and an impressive rally in […]
Despite the decline in US yields, the US dollar still appreciated. That was enough for gold to drop 0.45% to $1,845.00 an ounce. Traders are also nervous: today, gold fell another 0.40% to $1,838.00 an ounce. The new US administration, led by President-elect Joe Biden, is expected to unveil a massive Covid-19 relief package worth […]
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, […]
