Gold

Basic OverviewGold has been steadily rising this week since bouncing off the recent range low. Weak US job openings data on Wednesday gave it the support it needed to push towards key resistance at 2530. The move was driven by lower real…

Spot gold appears ready to extend the uptrend with long wicks emerging near the previous resistance area.In case you missed it, risk aversion was the name of the game yesterday as traders fretted over global growth and the possibility…

Basic OverviewGold continues to trade in a tight range as the market awaits key catalysts this week. As a reminder, the Fed is now very focused on the labor market as Fed Chair Powell said they will not welcome further weakness and will do…

gold 10 minutesThe daily chart of gold has had a nice turnaround. It dropped about $15 after a round of USD buying on the back of good GDP data, but has since regained all that and more.The bids came in just before $2,500, and now the price…

Gold has gone up dramatically. Adam explained a "very simple case for buying gold" in his post here. It makes perfect sense. However, there are times when momentum fades and a corrective move occurs, or the “condition” changes and the…

Basic OverviewLast Friday, Fed Chairman Powell delivered a more dovish-than-expected speech at the Jackson Hole Symposium, leaving the door open to a 50 basis point rate cut at the September meeting. Saying that they will do everything they…

With the dollar rebounding slightly, gold is down 1% and more importantly back below the $2,500 level. The price is still above the previous triple top pattern at around $2,480, but buyers are hoping for a more convincing push above the…

Spot gold prices took a breather after hitting new record highs earlier this week. Is the commodity ready to extend its upward trend after falling to the technical support area? The 4-hour daily chart might give us some clues! Gold…

Gold xauusd prices have crossed the $2,500 per ounce mark to $2,531, hitting an all-time high. The move may be driven by rising hopes of a rate cut by the US Federal Reserve. Investors are looking to make more money by investing in…

Gold diggers - literally and figuratively - should be in high spirits right now! 😂 Gold continues to hit new record highs, rising above $2,500, driven by a weaker US dollar and expectations of a Federal Reserve rate cut in September.…