Friday, August 23, 2019
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Tag: Gold

Gold Completes 32.8% Fibonacci Retracement – What’s Next to Expect?

During the European session, yellow metal gold surged back above the psychological resistance level of $1,500, recovering from the previous day’s dramatic losses as...

Gold Breaks Below Trendline – Risk Sentiment Improves!

On Monday, the short-term outlook remains supportive for gold, especially above 1,490 level. Overall, precious metal gold slipped due to a stronger U.S. dollar and...

Gold Ascending Triangle Violated – Trendline Supports around 1,508

This week, the most active precious metal gold is currently up to $7.20 and trading around $1511 per troy ounce after placing high around...

Gold – Careful with the Golden Euphoria

During this year, Gold (XAUUSD) soared 16.85% (YTD). Despite the trade war fear, we envision a limited upside from the golden metal for the...

Gold Hit 6 Years High – Fibo Extension In Play!

The precious metal gold prices hit a more than six-year high around $1,535 as unrest in Hong Kong and a retreat in the Argentine...

Gold Consolidates Below $1,510 – Eyes on 38.2% Fibo!

Gold prices are trading sideways as the market awaits fresh catalyst from the U.S. - China trade wars to determine upcoming trends in gold. However,...

Silver – Examine This Chart Before Consider Selling Gold

In previous articles, we discussed the positive correlation between Silver and Gold. In the same way, we covered the long-term structure developed by Silver....

Gold’s Bullish Channel & Safe Haven Plays Well – What’s Next?

During the past couple of days, gold has traded exactly in line with our forecast "Gold Bullish Channel Violates – Safe Haven Appeal Takeovers"...

Gold Meets an EW Requirement

During this trading session, Gold has hit $1,500, reaching the $1,510.43 level. The golden metal moves to the highest level since 2013, advancing 17.41%...

Gold Bullish Channel Violates – Safe Haven Appeal Takeovers

On Tuesday, the safe-haven metal price was little changed due to intensifying trade war among Sino-US. Throughout the day, there's been a tug of...

GOLD: Heading Towards the North With an Upside Breakout?

  GOLD has been up-trending for some weeks. On the Weekly Chart, the price has been obeying a resistance of a trend line. This week’s...

Gold Sustains Over $1,433 Amid Trump Tweet – Traders Brace for...

The yellow metal prices surged dramatically on the back of the Trump announcement about fresh tariffs on China. Safe haven triggered due to United...

Everything You Need To Know About Metal Commodities

What is Metal commodity? Metals are elements or alloys that are hard in nature when they are in a solid-state. They are usually known for...

Palladium, its Correlation with Gold, How to Profit From it

In this post, we'll show an application of the correlation between Palladium (PA) and Gold (GC). Using it and divergence to assess the next...

Gold Moves in a Diagonal Ending Structure: Which way to Go?

XAUUSD is moving in a kind of Diagonal Ending Structure, a pattern described in the Elliott Wave Theory. The actual wave count seems to...

GOLD – Which Direction Will it Follow?

  The upward movement developed by Gold on Wednesday's trading session presents us with two scenarios. The first one corresponds to an EW's triangle as...

Gold ‘s Symmetric Triangle Pattern Brings Choppy Range – Trade Tips!

On Wednesday, the precious metal gold prices slid to $1,400 level as the U.S. dollar surged around a weekly high on the back of...

Gold’s Symmetric Triangle Pattern Holds – Can Retail Sales Help?

The precious metal gold continues to trade steady on Tuesday as investors awaited the U.S. retail sales data. As you know, Gold shares a...

Safe Haven Gold Little Changed – Mixed Chinese Data Weights!

On Monday, the safe-haven metal prices have little changed due to data showed china's economic growth slowed to its lowest in at least 27...

Gold Violates Descending Triangle, Fed Chair Signals Rate Cut!

Precious metal gold surged dramatically from 1390 to 1407 level on dovish remarks from the Federal Reserve Chairman Jerome Powell. Fed Chair Signals Rate Cut The...

Gold Prices Slip Below $1,400 – Fed Set To Hold Rate!

Safe haven metal gold prices dropped by $1,400 level due to multiple speeches by U.S. Federal Reserve leaders in the upcoming two days. Besides...

Safe Haven Metal Prices Were Flat Ahead Of Payroll Data

On Friday, the precious metal gold is trading mostly flat in a narrow trading range of around 1400- 1420, however, gold prices are still...

Safe Haven Gold Achieves 50% Fibo Level – Brace for 61.8%!

The precious metal gold prices fell below the $1,400 level due to a trade patch up between the U.S. and China, increasing risk appetite....

Gold Standstill Ahead of G20 Summit – U.S.-China Trade Talks Eyed

The yellow metal gold prices traded sideways on Friday amid uncertainties a highly anticipated meeting between the United States and China would reduce trade...

Gold Drop Ahead of G20 Meeting – Fibonacci Retracement In Play!

On Thursday, the prices of the yellow metal gold slipped due to mixed signals on a trade deal between President Trump and President Xi...

Silver and Gold – An example of Correlation and Divergence

In a previous post, we introduced two key concepts from the Elliott Wave Analysis, correlation and divergence. In this post, we'll apply these two...

Gold Taking Breather – Is This The End of Crazy Bullish...

During the European session, the yellow metal gold mounted to a six-year high over a weaker dollar. Well, there's not a sole reason behind...

Gold Continued to Rally, Rises Above $1,400 – What’s Next?

On Monday, the yellow metal gold prices continued to extend its recent rally, surging above the $1,400 level. It's mostly due to possibilities for...

Gold – Watching Out Its Ascending Channel

The golden metal reached the highest level since 2013, surpassing the $1,400 level. In this post, we'll review what to expect for Gold in...

Daily FX Brief, Jun 19 – Trading EUR/USD & Gold on...

Economic Outlook Ahead of major economic events, gold prices are range bound and continued to consolidate in a narrow trading range of $1,362- 1,340. Anyways,...

Over 200 Pips Plunge In Gold – What’s Wrong?

On Monday, the precious metal gold slipped dramatically from a 14-month high $1,357, placed in the previous session. The Greenback strengthened on robust U.S....

Gold Jumps as Stocks Slips: FED Rate Cut Expectations Underpins!

On Thursday, the price of safe heaven metal trades bullish below 1344 during the European session as the risk sentiment remained weak. Moreover, the...

Gold Bounces Higher – Sino-U.S. Trade War on the Cards!

On Wednesday, prices of the gold surged dramatically during the early European hours amid escalation in trade tension between the U.S. and China. Gold...

Gold Prices Surged As Risk-on Sentiment Dominates! 

On Tuesday, the safe-haven metal increased during in Asia despite the increase in Asian stock. Gold futures for August delivery, traded on the Comex...

The Significance Of Gold Reserve In The Economy of a Country

What does the gold reserve mean? By the end of this article, you will be able to understand why any government owns so much of...

Daily FX Brief, June 7 – Market Wrap- Trading Gold on...

The Greenback has been hit in previous weeks by the growing expectations for a U.S. rate cut ere year-end, as to grow China-U.S. trade...

GOLD Update: Fake Reversal

Gold Back to Bullish? Gold has made yesterday what analysts considered a trend reversal, by creating, together with the former two candles an Evening Star...

Gold Hits 2-Month High – Safe Haven Demand at Peak!

On Monday, the Gold prices rose to their highest in more than two months upon concerns that U.S.-Chinese trade stresses and Washington's warning of...

Weekly Update, June 03 – 07 – Top Economic Events to...

Howdy, traders. I hope you have an awesome weekend and you are fully ready to capture market moving fundamentals, such as monetary policy events from...

Gold Skyrocking as Trade War Triggers Safe Haven Appeal!

The price action in the metals continues to show that traders are trying to push the metals higher, and investors over trade war fear....

Dramatic Drop In Gold – Who’s Behind It and What Next?

Gold traded sideways throughout the Asian and the London session as escalating trade tension between the U.S. and China kept it supported. It fell around...

Daily FX Brief, May 27– Market Wrap – Gold’s Trade Plan...

Market Comment The stocks indices placed modest profits after a sell-off on Thursday and Friday. Dow Jones Industrial Average climbed 95 points (+0.4%) to 25585 ...

Daily FX Brief, May 24– Market Wrap – How to Trade...

The U.S. stocks trimmed some profits made in the previous session. The Dow Jones Industrial Average fell 100 points (-0.4%) to 25776, the S&P...

Bullish Engulfing In Gold – Is This The End of the...

On Thursday, gold traded mostly sideways above 1,270 support and below 1,275 resistance, after following the FOMC meeting minutes from the Federal Reserve. Federal Reserve...

Gold Bounces Off to Test Resistance – Quick Trade Setup!

On Wednesday, the yellow metal gold prices are still stable in Asia, consolidating in a thin trading range of 1275 and 1270. It looks...

Sideways Trading Range in Gold – Watch Out Technical Trade Setup

On Tuesday, the yellow metal gold standstill in the absence of high impact economic events. Gold trading at $1,274, likely headed to the next...

Daily FX Brief, May 20 – Market Wrap & Top Trade...

FX Market Recap Despite the fact, this week's economic calendar is light on the first-tier figures; there are numerous macro-events which could see well-established chart...

Gold Technical Outlook – Bullish Channel Breakout & Doji’s In Limelight

Gold got whacked on Thursday and is presently testing the $1,280 level once again. The bullions are vulnerable and show no indications of reversing...

Gold Trades Bullish, Inline With Forecast. What’s Up Next?

On Tuesday, the price for the safe-haven asset gold dropped below the psychologically important $1,300 level, despite the increased trade war between the U.S....

Gold Supported Over Trade War – U.S. Inflation Disappoints!

On Friday, gold traded slightly bullish around 1,286, despite increasing in tariff on 200$ billion worth of Chinese goods. There were some problems between...