Tag Archives: Gold

The support level highlighted in the previous technical report, situated at $2025, effectively bolstered the positive stability of gold prices. After successfully retesting this level, with a peak at $2024, gold prices experienced an upward rebound, currently trading near their highest point during the early session, at $2037 per ounce. …

Bitcoin has hit $63000 after more than two years below this level, and liquidations have surpassed $277 million in the last 24 hours. This massive rally in the pioneer cryptocurrency could be attributed to the spot ETF approval. Bitcoin price has shattered past the $63000 threshold, with the bulls not …

Thanks to recent slew of data on economic growth and a decline in US Treasury yields, the price of gold is stable around $2034 per ounce. Concerns about policy easing from the Fed and mixed US economic data keep gold investors on edge. Gold’s advances are limited by the 50-day …

Gold prices encountered downward pressure during the preceding trading session following their ascent to the 2040 resistance level. This led to a decline, resulting in intraday movements stabilizing around the lowest level for the current period, priced at $2030. Today’s technical analysis, upon examination of the 4-hour timeframe chart, reveals …

Markets seem to have entered a consolidative stage ahead of key data releases on both sides of the ocean, while Fed speakers and ECB officials equally appear aligned behind the idea of cutting rates later than the majority of investors anticipate.The USD Index maintained its gradual leg lower in place, …

Gold prices surged, buoyed by the support level highlighted in the previous technical report at the price of 2016. This support level played a pivotal role in driving prices upward, aligning with our positive outlook. The market witnessed the attainment of initial official targets, reaching as high as 2042.00. Analyzing …

Gold prices surged, buoyed by the support level highlighted in the previous technical report at the price of 2016. This support level played a pivotal role in driving prices upward, aligning with our positive outlook. The market witnessed the attainment of initial official targets, reaching as high as 2042.00. Analyzing …

Last week’s trading closed with risk-linked assets overperforming safe haven assets, leading to a weekly loss in the US dollar versus gains for gold as well as US stocks over the week, as most risk assets kept surging. An interesting competition was strong between the minutes ff the Fed’s last …

Gold price surged on Friday, driven by retreating Treasury yields and a prevalent optimistic market sentiment. The risk-on pulse also prevailed, and gold attracted investors, defying typical safe-haven asset trends. Gold price resumed its weekly uptrend and finished the week in the green territory with 1.11% gains, taking advantage of …

Gold prices have reached the initial technical target at $2035 per ounce, marking its highest level in the previous trading session. Upon examining the 4-hour timeframe chart from a technical perspective, it’s observed that the $2035 level has acted as a barrier to further upward movement in gold prices. However, …