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 […]
Gold (XAU/USD) capitalized on its intraday goodish climb and has now reached a new seven-day high of around $1865 in the early European session on Wednesday. The bullish move was sponsored by the persistent selling around the US dollar (DXY), which tends to bolster the dollar-denominated commodity. The greenback remained near a 30-month low as […]
Gold has broken with an immediate bullish structure printing a head and shoulders pattern in the process. This is interesting because the head of the pattern picked right at the retest of the mid-term bearish structure and the critical level 1876. Now that we have confirmation of a possible bearish continuation in Gold and more […]
Gold (XAU/USD) inched lower in the early European session on Monday and has recorded a fresh daily low of around $1825. The renewed selling pressure got sponsored by the prevailing upbeat market mood as a result of the blooming optimism over the rollout of COVID-19 vaccines by Pfizer (NYSE: PFE). Investors’ risk mood got further […]
Gold (XAU/USD) traded lower through the Asian session on Wednesday and recorded a new two-day low around $1855, although it lacked any bearish follow-through strength. The prevalent upbeat risk appetite in the market is seen as one of the major factors undermining demand for the safe-haven asset, though the lasting US dollar (DXY) weakness helped […]
Gold (XAU/USD) traded on a slightly bearish tone in the early European session on Monday, as it recorded a new three-day low over the past few hours. The precious metal was last spotted trading around the $1830 area at press time. Gold is trading lower for the second consecutive session today, after retreating from a […]
Gold (XAU/USD) traded higher on Wednesday for the second consecutive session as investors picked up on the positive sentiment induced by the recent passing of a US fiscal stimulus package. However, a follow-through bullish surge got impeded by the U.K.’s authorization of the Pfizer COVID-19 vaccine for public use. The recent weakness in the US […]
Gold (XAU/USD) continued its decline in the early European session on Monday in what can be considered its worst decline in four years. The recent sell-off was triggered by the renewal of investor risk appetite across markets, as the prospects for COVID-19 vaccines revive hopes of a global economic recovery. So far, the yellow metal […]
Gold (XAU/USD) climbed modestly in the early European session and was last spotted trading at $1812. The yellow metal found strong support at the $1800 psychological line yesterday, which appears to be stalling any further decline for the commodity. Meanwhile, sustained weakness surrounding the US dollar (DXY) has also extended some support to the dollar-denominated […]
