Technical Analysis
Evaluate price trends and patterns, identify potential investments and trading opportunities!
Gold Trend 04/11 – S-T peaked
Driven mainly by the US election and economic figures last week, the gold price pulled back from the newly formed record high. With the US election approaching, the gold market opened strong early last week.…
Gold Trend 28/10
The gold price hit our S-T target of 2750 last week, reaching a new high of 2758. However, the upward momentum failed to last, and the price couldn't hold above 2750, dropping back to the…
Gold Trend 21/10
Gold prices exceeded our expectations last week. They broke above the previous high of 2685 without any influence from major economic data or news, closing the week at a new high of 2722 before the…
Gold Trend 30/09
Carrying the upward trend from the week before, gold prices hit a new high, pricing in the US Fed. additional 0.25% rate cut last week, in line with our expectations. The current uptrend started from…
Gold Trend 23/09
The uptrend has restarted since the gold prices broke out from the range of 2480-2530(1) two weeks ago. There was some S-T profit-taking after the US Fed announcement, however, the prices managed to clear the…
Gold Trend 09/09
Spot gold price has remained sideway in the past 2 weeks, with both the PCE price index and US employment data failing to bring new momentum to the market. The OI data from CME's gold…
Gold Trend 26/08
Gold price carried forward the upward momentum from the breaking of 2480 in the previous week, hitting a fresh record high of 2531 early last week. But the buying has reversed after the Fed. Meeting…
Market Analysis
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