Technical Analysis
Evaluate price trends and patterns, identify potential investments and trading opportunities!
Gold Trend 05/08 – The spot gold price is losing upward momentum despite the expectations of a Fed. Rate cut increasing
The spot gold price went up during the week but fell after Friday's US non-farm payroll report. Looking back at last week, the price broke through the 2400 resistance before the Fed—meeting on Wed. The…
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,…
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