Gold double top pattern in progress ! Ready to do deep ?

Price Movement The gold daily chart reveals a significant bullish trend that persisted from May to early November, characterized by a steady rise with minor corrections. The price reached a peak around the 2,790 level,…

WTI oil consolidation period continues!

Price Movement The WTI crude oil daily chart indicates a series of volatile price movements within a descending channel. The price has oscillated between the $65 support level and the $88 resistance level, reflecting a…

Gold Trend – M-T downtrend is yet to complete ?

The downtrend in gold prices continued last week after turning back from the previous week's high of 2726.The decline accelerated after the Fed's interest rate meeting on Wednesday, failing to support at 2630(1) and falling…

Gold Trend – Profit taking will dominate before the year’s end

Despite the initial drop on Monday, the gold price was relatively quiet last week. The price shot up to around 2710 due to all the geopolitical tensions the week before. But then, it quickly retreated…

Gold Trend 25/11 – Expect 2nd round of profit taking above 2700

Technical rebound + Russia/Ukraine situation rapidly deteriorated, causing gold prices to rebound strongly over $150 last week. Following the rebound from the week before, the gold price opened at 2562 and quickly reached our target…