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…

Gold Trend 18/11 – S-T rebound begins

The market last week unfolded in line with our predictions, as the consolidation period continued. The price broke below the 2650(1) resistance level early in the week, initiating a downward movement toward our target at…

Gold Trend 11/11 – M-T consolidation period official begins

Gold prices fell back from their highs last week, in line with our expectations. The U.S. election suppressed the market in the early period, and gold prices were under pressure in the 2750-58(1) resistance zone.…

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.…