Gold’s Weekly Update: Gold’s price remains stable for now
Gold’s price has remained relatively stable since our last report. In the current report we are to have a look at various fundamental issues such as the inactive negative correlation of the USD with gold, the Fed’s stance and Trump’s tariff intentions. We are to conclude the report with a technical analysis of gold’s daily […]
Gold’s Weekly Update: Gold sideways motion maintained
There has been little change for gold’s price since our last report, implying a continuance of the wait and see stance on behalf of market participants. In today’s report we are to examine gold’s correlation with other trading instruments, the latest developments in Trump’s trade wars and also any financial releases that could affect gold’s […]
Gold’s Weekly Update: Can the Uptrend Hold?
Gold’s price has been on the rise since our last report proving that the halt of its drop was a reversal of direction and not a mere stabilisation. On a fundamental level we note the following: Technical analysis Gold’s price edged higher on Friday forcing us to re-adjust the R1 level at $3366/troy ounce. […]
Gold’s Weekly Update: Gold’s price corrects lower
US President Trump’s tariffs are still creating mayhem in the markets with gold’s price opening with a negative gap today. Today we are to have a look at the fundamentals surrounding the precious metal and close the report with a technical analysis of gold’s daily chart. Technical analysis On a technical level, we highlight […]
Gold’s Weekly Update: Gold bulls take a breather
In today’s report, we are to discuss the main fundamental issues surrounding gold’s price as well as any financial releases that could affect its direction and conclude the report with gold’s daily chart. Revival of USD’s and gold’s negative correlation? The fact that gold’s price corrected lower on Friday, while the USD edged higher tended […]
Gold’s Weekly Update: Temporary stabilisation of the precious metal’s price
Gold’s price seems to have halted its drop since last Wednesday with the prospect of some temporary stabilisation in sight. On a fundamental level we note the following: Technical analysis Technically Gold’s price, despite some efforts by the bears to bring the precious metal’s price lower, was unable to clearly break the 3200 (S1) […]
Gold’s Weekly Update: Market Optimism Pressures Gold
Gold’s price dropped a drop that started on Wednesday and was renewed today and seems to adopt a bearish outlook, yet that may not be that clear yet. On a fundamental level we note the following: Technical analysis On a technical level, we note that it’s been a roller coaster week for the precious […]
Gold’s Weekly Update: Gold’s price jumps in sign of indecisiveness
Gold’s price jumped in today’s Asian session, interrupting its downward motion over the past week, leaving traders puzzled about its direction. On a fundamental level we note the following: Technical analysis Technically we note the rise of gold’s price after bouncing on the 3200 (S1) support line last Thursday. For the time being we […]
Gold’s Weekly Update: prices breaks to new record high levels.
With gold’s price rallying to new record high levels since last Wednesday, interest in the precious metal has been renewed. On a fundamental level we note the following: Technical analysis On a technical level, we highlight that gold’s price recovered fully from its drop on the 3rd to the 7th of the month, mentioned […]
Gold’s Weekly Update: Gold bulls take a breather
In today’s report, we are to discuss the main fundamental issues surrounding gold’s price as well as any financial releases that could affect its direction and conclude the report with gold’s daily chart. Revival of USD’s and gold’s negative correlation? The fact that gold’s price corrected lower on Friday, while the USD edged higher tended […]