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Gold Price Analysis — October 19

Gold (XAU/USD) climbed higher in the early European session on Monday and was last spotted trading around the $1912 area. A weaker tone around the US dollar (DXY) was seen as the major bolstering factor for the dollar-denominated commodity today. This, coupled with the lingering political tension s in the united states, has extended additional […]

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Gold Price Analysis — October 14

Gold (XAU/USD) has recovered by about $15 from yesterday’s low and has recorded a new daily high in the early European session, as bulls fight for $1900 again.  The yellow metal found some dip-buyers at the $1882 area and appears to have stalled the steep retracement from its recent three-week high at $1933. A weakened […]

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Gold Price Analysis — October 12

Gold (XAU/USD) continues to trade near its monthly highs around $1933 as speculations over a fresh round of stimulus measures in the US weighs heavily on the greenback. The precious metal fought against the odds and extended its recovery from its monthly low around $1873 despite several risk-boosting events. Analysts have proposed that gold’s decline […]

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XAU/USD Price Analysis — October 7

Gold (XAU/USD) has refreshed its daily highs around $1898 and is currently trading at $1891 (+0.5%) in the early European session. The precious metal regained bullishness following reports that US President Donald Trump was willing to give aid to airlines and small businesses. However, charters concerning the European Union’s steel tariff on several Asian countries […]

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Know your Bears from your Bulls – bullish & bearish markets explained

Anyone new to trading Stocks, Metals, Forex, or Cryptos will quickly stumble upon a flurry of mentions of bulls and bears and their grammatical derivatives. Trading commentators might suddenly proclaim a market is bullish or be warned, momentum has turned bearish. There’s even tell of investors with bullish or bearish sentiments. But what exactly does […]

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XAU/USD Price Analysis — September 30

Gold (XAU/USD) etched lower through the early European session on Wednesday and was last spotted trading at the $1885 region. The yellow metal was met with a fresh supply near the $1900 hurdle on Wednesday, which stalled this week’s bullish bounce from the $1849 support. The pullback represented the first bearish move in the past […]

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Gold Price Analysis — September 23

Gold (XAU/USD) continued to etch lower through the early European session on Wednesday and has just recorded a fresh six-week low around $1873 in the past few hours. Worries over a second wave of the deadly Coronavirus disease continued to bolster the US dollar’s (DXY) demand as the global reserve currency. This, consequently, was one […]

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