Gold Technical Analysis
Evaluate price trends and patterns, identify potential investments and trading opportunities!
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…
