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 […]
Market Analysis – March 25th Gold (XAUUSD) faces a battle between bulls and bears. The recent surge in the price of gold attracted a significant number of buyers who believed in its upward momentum. However, their optimism was short-lived, as the bears made a strong comeback. The rejection at the significant level of 2222.400 forced […]
Market Analysis- March 22nd Gold (XAUUSD) bulls struggle below the 2193.600 significant level. Over the past few weeks, the gold market has experienced a decline in buying pressure. The bulls, who were once in control, have been hindered from placing more orders. This shift in momentum has raised concerns among investors and traders. The decline […]
Gold prices remained stable on Friday, poised to record their initial weekly decline in four weeks, as investors adjusted their outlook for a U.S. interest rate reduction following data indicating rising inflationary pressures throughout the week. Spot gold remained relatively unchanged at $2,159.99 per ounce as of 2:42 p.m. EDT (1842 GMT). This marks a […]
