Market Analysis – July 14 Gold has consistently struggled to break above the major supply zone at 3430.0 since April. Despite several attempts to surpass this resistance, the latest effort also fell short, leading to a retracement. The price has now dropped to a critical confluence area defined by the intersection of a well-established ascending […]
Gold price remains on a steady upward trajectory this week, supported by a weaker U.S. dollar, renewed trade tensions, and increased safe-haven demand. The precious metal is set to close the week with gains above 1.5%, trading at $3,333, up 0.26% as of Friday. Market liquidity has been thin due to the U.S. Independence Day […]
Market Analysis – July 3 Gold (XAUUSD) confirms a rebound as momentum returns from key support. The market is showing renewed bullish sentiment after successfully holding the $3,300 order block zone, which aligns with the 9-day Simple Moving Average currently positioned at $3,330. The Stochastic Oscillator indicates a bullish crossover emerging from the oversold region, […]
Gold may be at risk of a sharper price correction as its recent upward momentum shows signs of weakening in the face of ongoing global uncertainty. Without fresh catalysts to sustain the rally, investors are becoming more cautious, especially as several critical international events loom that could significantly influence the precious metal’s trajectory. Global Events […]
Market Analysis – June 26 Gold (XAUUSD) is setting up for a bullish continuation from the key support level at $3,300. Over the past several months, gold has maintained a generally bullish trajectory, with the ongoing uptrend experiencing temporary consolidation above the $3,300 mark. The 9-day Simple Moving Average (SMA), currently hovering around $3,370, has […]
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 […]
