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 […]
The gold-silver ratio is skewed, indicating silver’s undervaluation compared to gold, despite silver being rarer than commonly perceived. Geological Insights: Silver and Gold Geological estimates suggest there are approximately 19 ounces of silver for every ounce of gold in the earth’s crust. Historically, this ratio drops to around 11.2 ounces of silver per ounce of […]
Gold maintained stability on Monday, pausing its upward momentum after a strong rally last week, as traders awaited U.S. inflation data to gain insight into the Federal Reserve’s potential interest rate adjustments. At 9:32 a.m. ET (1332 GMT), spot gold remained stable at $2,179.69 per ounce, following a record high of $2,194.99 reached on Friday, […]
The February Consumer Price Index (CPI) report is scheduled for release on March 12, with subsequent reports on US retail sales and the Producer Price Index slated for March 14. In the coming week, Wall Street investors will closely monitor inflation data alongside other economic reports, which may offer insights into the US Federal Reserve’s […]
Market Analysis- March 5th Gold (XAUUSD) trades with uncertainty as bullish strength drops. The price of gold has experienced a pullback below the significant level of 2040.760. This has halted the bullish trend for several days. With the buyers struggling to push past this key level, it poses a significant challenge for them to continue […]
Market Analysis – Feb 24th Gold (XAUUSD) price flips to the sell position. The sellers have gained strength, causing a shift in the direction of the gold price. After reaching the market level of 2035.960, the gold price has stopped moving in a bullish direction. This halt in momentum indicates a potential shift in market […]
