Market Analysis – May 9 Gold has undergone a notable transformation this year, transitioning from a period of price stagnation to a robust uptrend. The breakout above the critical level of 2074.0 marked a significant turning point, fueling a sustained ascent in price. However, the recent emergence of a correction phase in the gold market […]
Commodity prices are anticipated to experience a modest decline in 2024 and 2025, yet they should stay above pre-pandemic levels. Energy prices are projected to decrease by 3% in 2024 due to lower natural gas and coal prices outweighing higher oil prices, with an additional 4% drop expected in 2025. Agricultural prices are also set […]
Market Analysis – May 2nd The Gold market has taken a decisive turn, marking a significant departure from the protracted tug-of-war between bullish and bearish forces that characterized the trading landscape from November through February. This period was marked by a pattern of fleeting rallies promptly neutralized by retracements, leading to a protracted phase of […]
Market Analysis – April 26th Gold (XAUUSD) market has recently emerged from a prolonged period of subdued activity, marking a notable shift in its dynamics. From November to February, the market experienced a decline in volatility, characterized by sideways movement and diminutive candle sizes on the daily chart. During this phase, volume bars exhibited consistent […]
As economic data disappoints, investor uncertainty is causing market volatility.On Thursday, the Commerce Department released its estimate of first-quarter Gross Domestic Product, revealing a growth rate of 1.6%—significantly below the 2.3% consensus forecast. Stock prices declined in response to the news, but gold and silver markets recovered slightly from earlier-week lows.The recent dip in metals […]
Market Analysis – Tuesday, April 23 Gold has exhibited remarkable performance throughout the year, with its price showing consistent upward movement. However, recent market dynamics have prompted a dip in its value, prompting a search for support to bolster buying sentiment. Key Levels for Gold: Demand Levels: 2074.30, 1975.80, 1813.50Supply Levels: 2431.30, 2400.00, 2500.00 Long-Term […]
Market Analysis – April 12th Gold (XAUUSD) buyers plan to continue their hot pursuit. Buyers have been dominating the gold market, driving the price higher and closer to the significant level of 2400.000. Their strong presence and determination indicate a positive market sentiment and confidence in gold as an investment. Gold (XAUUSD) Significant Levels Resistance […]
Market Analysis – April 5th Gold (XAUUSD) is witnessing a slow impulse in buy strength. The market has experienced a fantastic drive in buy strength after breaching the significant level of 2225.700. The sellers have been kept at bay for weeks, unable to gain control of the market. The bullish momentum in the Gold market […]
Market Analysis- March 29th Gold (XAUUSD) buyers prepare for further penetration. This week, they have shown confidence following gains from the 2161.000 significant level. The journey for the bulls is far from over, as there is still an intention for more expansion. Gold Significant Levels Resistance Levels: 2150.000, 2075.000Support Levels: 2200.000, 1985.000 Gold (XAUUSD) Long-Term […]
