Market Analysis – June 19 Gold (XAUUSD) continues to maintain bullish momentum, supported by strong technical fundamentals. The overall directional bias remains firmly bullish, as evidenced by its consistent climb above the 9-day Simple Moving Average (SMA), which is currently trading near $3,370. Momentum indicators further support this outlook, with the Moving Average Convergence Divergence […]
Gold has officially overtaken the Euro as the world’s second-largest reserve asset, according to a recent European Central Bank (ECB) report. This marks a pivotal ECB gold reserve shift driven by central banks seeking stability amid global uncertainty. While the U.S. dollar remains dominant, its lead continues to shrink. Gold Rises as a Trusted Store […]
Market Analysis – June 12 Gold (XAUUSD) gains momentum on a strong bullish structure and solid support. The XAUUSD pair continues to exhibit a clear upward trajectory, consistently trading above the 9-day Simple Moving Average (SMA), which is currently positioned around $3,350. This alignment indicates sustained buying interest, supported by the Relative Strength Index (RSI) […]
Market Analysis – May 29 Gold (XAUUSD) is poised for a bullish breakout amid ongoing consolidation and indications of a short-term reversal. From a technical perspective, the RSI (Relative Strength Index) is hovering close to the neutral 50 mark, specifically around 50.15, signaling a potential momentum shift. The RSI has consistently formed higher lows in […]
Market Analysis – May 22 Gold (XAUUSD) continues to exhibit strong bullish momentum with the potential to break above the $3,300 resistance level. Technical indicators on the daily chart support a bullish outlook. The 9-day Simple Moving Average (SMA) is trending upward and acting as dynamic support. The price is currently trading around $3,310, above […]
Market Analysis – May 15 Gold (XAUUSD) is showing signs of weakness amid a key technical confluence. The 9-day Simple Moving Average (SMA), currently near $3,300, has been broken to the downside, signaling weakening short-term momentum. The Relative Strength Index (RSI) stands at 48.53, just below the neutral 50 level, suggesting a shift in control […]
Gold comes under pressure amid rising US bond yields and resilient labor market figures, dimming prospects for early Fed policy easing. Bond Market Reacts to Fresh Data Gold prices edged lower midweek as the bond market reacted sharply to stronger-than-expected US labor data. The yield on the benchmark 10-year US Treasury note jumped nine basis […]
Market Analysis – May 1 Gold (XAUUSD) continues to display sustained bullish momentum, holding above key support zones. The Relative Strength Index (RSI) on the daily timeframe is currently around 58.84, signaling a steady bullish bias, though easing slightly from prior overbought conditions. The 9-day Simple Moving Average (SMA), located near the $3,340 level, remains […]
Market Analysis – April 24 Gold (XAUUSD) remains bullish, with the recent retracement offering fresh buying opportunities. On the daily chart, the 9-day Simple Moving Average (SMA) is currently positioned around $3,290 and continues to slope upward, signaling sustained bullish momentum. The Relative Strength Index (RSI) is at 64.03, still within bullish territory but easing […]
