Gold

Is There Still Hope for Gold to Reach $2,000?

The price of gold hit a high of $1,971/oz before retreating and finding support above $1,960. Upbeat equities and higher Treasury yields make it difficult for XAU/USD to continue its recent rally. Fears of a wider banking contagion have also...
Gold technical analysis shows possible upside

Gold holding above $1,900. But for how long?

Gold has rallied by more than $300 per ounce over the last 10 weeks with only a brief period of consolidation around $1,800. Now, gold is tentatively holding above $1,900, after reaching $1,929 in yesterday’s trade, before closing the day...

Volatile start to year for gold and oil

In December, the price of gold moved through a volatile uptrend but did seemingly reject at $1,819. However, a daily candle managed to close above this resistance zone on the last day of 2022, which has been followed by a...
Gold technical analysis shows possible upside

Fed rate hike doesn’t disrupt gold’s bullish trend

Gold has recovered almost half of the losses experienced after its March 2022 peak after creating a strong demand zone around $1,621.40. This support area made a strong triple bottom pattern. Since then, we can see a consecutive higher high,...
Gold technical analysis shows possible upside

Gold’s 2-week rebound spoiled by NFP data

Gold experienced some notable gains in the 2 weeks leading up to the release of the Non Farm Payrolls (NFP) data. However, this trend appears to have been spoiled with a sharp decline in gold at the end of last...
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Pound and gold head lower before NFP data

July’s NFP report, which will be released this Friday, September 2, is forecast to deliver 300K jobs. Will the NFP beat forecasts once more? And if it does, how will investors and traders react, now that they must fold this...
Gold technical analysis shows possible upside

Relief pumps still in play for XAU/USD

On the weekly chart, we can see that Gold has made a four-week push from lows of $1,680/oz to its current trading price close to $1,790/oz. However, sentiment may be slightly bearish for Gold at the moment with many indicators...
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How did the market react after July’s Non-Farm Payrolls?

The Non-Farm Payrolls (NFP) for July 2022 surprised many as it reported that the US economy added 528,000 jobs, more than twice the consensus forecast. Total NFP employment has now returned to the pre-pandemic level, when 20 million jobs were...

Is it time to go long on gold?

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