Gold is edging closer to its record peak of $2,072.50 per ounce, last seen in August 2020 during the height of the COVID-19 pandemic. As of the recent Friday close, gold is trading at $2,071.88 per ounce, just a fraction below its historic zenith. The rally in gold is propelled by a trifecta of factors. […]
Market Analysis- November 27 Gold (XAUUSD) buyers strive for breakthroughs beyond the 2020.000 key level. Gold buyers are resilient in their quest for a breakthrough beyond the key zone of 2020.000. As of now, the struggle between buyers and sellers persists. Over the past few months, there has been a notable absence of bullish expansion […]
Market Analysis – November 18 Gold (XAUUSD) buyers need to reaffirm their grip. The price has been fluctuating between buyers and sellers recently. Buyers started with strong momentum, but they lost some of their confidence along the way. Sellers took advantage of this and pushed the price down from the 2011.760 key zone. This zone […]
Market Analysis – November 11 Gold (XAUUSD) faces a bearish threat. After a week of showcasing buyer intensity, sellers have successfully neutralized the bullish momentum. The bulls, who pressed the price higher to the 2011.760 level, are now forced out. The September rally gave way to strong bearish sentiment, reaching down to the 1810.130 price […]
Market Analysis- November 3 Gold (XAUUSD) sellers revisit the 1973.190 significant zone. Gold is taking thrilling action as sellers initiated a drive that energized the market. Currently, the buyers are making a comeback, suggesting that we should anticipate further progress after this pullback. Gold (XAUUSD) Market Zones Resistance Levels: 2063.930, 1973.190 Support Levels: 1882.120, 1816.420 […]
Market Analysis – October 31 Gold (XAUUSD) holds back in crossing the 1991.540 key level. XAUUSD has witnessed a pause in its price surge. The market is currently in a state of relaxation, and the key level at 1991.540 is acting as a formidable barrier. This barrier is somehow preventing buyers from advancing further. Let’s […]
Market Analysis – October 23 Gold (XAUUSD) shows persistence in its bullish momentum. The gold market remains steadfastly in the grip of the bulls, who continue to drive prices higher. As the week progresses, buyers are making steady gains, further reinforcing their dominance. The market is already showing clear signs of a breakthrough above the […]
Market Analysis- October 12 Gold (XAUUSD) seeks to extend bullish momentum. Gold is making a notable resurgence, with the buyers having secured multiple victories and remaining in the driver’s seat. Their relentless push suggests they are in no mood to hit the brakes, and the market’s liquidity remains in their favor. Gold (XAUUSD) Key Levels […]
Market Analysis- October 6 Gold (XAUUSD) bearish momentum slows down. The sell traders, who had been driving the price steadily lower, are now struggling to maintain their grip on the market. This week has indeed been marked by a robust bearish run. However, it appears that the bearish strength is gradually diminishing as sellers approach […]
