Market Analysis – December 21st Gold (XAUUSD) seeks impulse as bulls struggle for a breakout. Gold has experienced a lack of impulse this week, leaving the market in a state of calmness. It has been relatively quiet, with no major catalysts in sight. The market will likely maintain its calmness for the remainder of the […]
Gold prices showed resilience on Friday, maintaining stability despite conflicting views from top Federal Reserve officials regarding the future of interest rates. The XAU/USD, the most traded gold pair, closed the week at $2,019.54, stepping back from its 10-day peak of $2,047.93. The market responded to mixed signals from the Fed, creating an air of […]
Market Analysis – December 14th Gold has recently shown promise after a period of low volatility. The bears faced some opposition last week, but now the buyers are back in action. The bulls have managed to regain strength and are currently trading around the significant level of 2008.600. XAUUSD Key Zones Resistance Zones: 2148.500, 2052.700Support […]
Market Analysis – December 7th Gold (XAUUSD) buyers remain confident as they seek breakthroughs. The buyers have shown a strong and confident stance in the market. This was evident in October when sellers lost their motivation to push prices lower. The buyers demonstrated their strength by breaking through the significant zone at 1858.520, and they […]
Market Analysis – December 7 Gold (XAUUSD) faces potential sell pressure as buyers struggle to push beyond the significant level of 2052.690. In the past few weeks, buyers have been making efforts to gain control of market liquidity. The bullish momentum gained traction from the significant level of 1811.630, with the yellow metal responding positively […]
Gold is edging closer to its record peak of $2,072.50 per ounce, last seen in August 2020 during the height of the COVID-19 pandemic. As of the recent Friday close, gold is trading at $2,071.88 per ounce, just a fraction below its historic zenith. The rally in gold is propelled by a trifecta of factors. […]
Market Analysis- November 27 Gold (XAUUSD) buyers strive for breakthroughs beyond the 2020.000 key level. Gold buyers are resilient in their quest for a breakthrough beyond the key zone of 2020.000. As of now, the struggle between buyers and sellers persists. Over the past few months, there has been a notable absence of bullish expansion […]
Market Analysis – November 18 Gold (XAUUSD) buyers need to reaffirm their grip. The price has been fluctuating between buyers and sellers recently. Buyers started with strong momentum, but they lost some of their confidence along the way. Sellers took advantage of this and pushed the price down from the 2011.760 key zone. This zone […]
Market Analysis – November 11 Gold (XAUUSD) faces a bearish threat. After a week of showcasing buyer intensity, sellers have successfully neutralized the bullish momentum. The bulls, who pressed the price higher to the 2011.760 level, are now forced out. The September rally gave way to strong bearish sentiment, reaching down to the 1810.130 price […]
