Gold Trend 22/07 – Failed to clear 2450

Entering a consolidation cycle after gold failed to stay above 2450. Gold price broke through the previous historical high of 2450(1) early last week on Tuesday, triggering a round of buying and rising to a…

Gold 15/07 – Preparing for a new high ?

The gold price was stimulated by the easing inflation data from the US last week, breaking through the post-non-farm resistance of 2391(2) and touching a four-week high of 2424. Referring to CME gold futures' data,…