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Gold – Strong Selling After Failed Breakout

Despite an apparent flight for safety and sell-off in the dollar on Monday, there was little love for Gold which usually does well in these circumstances. Gold was trading at a key resistance level around $1,170 where the descending trend line – 22 January highs – intersects a prior level of support and the 61.8 […]

Top trade idea for August 25th, 2015 – Gold

Gold rallied last week to the upper side of a downward channel where break can occur in coming week as rally from the low is having characteristics of an impulsive price action. If that’s the case then ending diagonal complete now which means that metal is turning bullish, but final confirmation for a turning point […]

Gold – Strong Rejection at Big Resistance Level

Another strong start to the session for Gold saw it rally towards $1,168.50 this morning, slightly beyond the price projection highlighted on Wednesday (Gold – Bullish Flag Broken Ahead of FOMC Minutes). The yellow metal ran into resistance just above here though, with the 61.8 fib level – 18 May highs to 20 July lows […]

Gold – Flag Projection in Sight as Rally Goes on

Gold has rallied strongly again today to trade at a five week high, breaching $1,150 in the process before running into resistance at the 50 fib level – 18 May highs to 20 July lows.Given the longer term decline that the yellow metal finds itself in, it would not be a surprise to see a […]

Gold – Bullish Flag Broken Ahead of FOMC Minutes

After a brief period of consolidation over the last week, Gold has pushed higher today, breaking through the top of the flag formation – a bullish continuation pattern. The break above the flag, highlighted yesterday (Gold – Flag points to bullish continuation), could now prompt another rally in the yellow metal.Initially it will face a […]

Gold – Flag Points to Bullish Continuation

The long-term decline in Gold has been blamed on a number of factors; stronger dollar, prospect of Federal Reserve hiking interest rates and low inflation to name a few. Over the last couple of weeks, the weakness in the dollar on the back of expectations that the Fed may be forced to delay the first […]

9Gold Rallies As Caution Over Yuan Devaluation Remains

Gold firmed on Monday, building on its biggest weekly rise in three months, on lingering uncertainty over the implications of China’s yuan devaluation. Concerns over China sparked a rally in gold to its highest since mid-July at $1,126.31 an ounce last week, in the wake of Beijing’s mini-devaluation of the yuan. Analysts speculated that a […]

Top Trade Idea for August 11th, 2015 –XAU/USD

Gold is trading at new lows, currently around the trendline connected from the start of 2014 where support can be found, especially if we consider the shape of an ending diagonal placed in fifth wave. That’s a very important reversal pattern that suggests a bounce in the second part of 2015 and maybe very strong […]

NFP Could Drive Gold Under $1,000

Gold prices were marching lower ahead of a key employment report that is expected to set the tone for the battered precious metal. The Friday jobs report could prove a critical tipping point for the yellow metal, which could send the commodity lurching into bear-market territory, according to some gold watchers. A bear market for […]

Gold – Steadies Around $1085

Gold – Thursday 6 August 2015 Over the last six weeks or so, gold has steadily declined and fallen from above the key $1200 level back to a new five year low below $1100 a couple of weeks ago. It fell in a 24 hour period through the $1100 level down to the multi-year low […]

Gold – Settles Below $1090

Gold – Wednesday 5 August 2015 Over the last six weeks or so, gold has steadily declined and fallen from above the key $1200 level back to a new five year low below $1100 a couple of weeks ago. It fell in a 24 hour period through the $1100 level down to the multi-year low […]

Gold – Eases Below $1090 as Resistance at $1100 Firms

Gold – Tuesday 4 August 2015 Over the last six weeks or so, gold has steadily declined and fallen from above the key $1200 level back to a new five year low below $1100 a couple of weeks ago. It fell in a 24 hour period through the $1100 level down to the multi-year low […]

Gold – Continues to Consolidate Below $1100

Gold – Monday 3 August 2015 Over the last six weeks or so, gold has steadily declined and fallen from above the key $1200 level back to a new five year low below $1100 a couple of weeks ago. It fell in a 24 hour period through the $1100 level down to the multi-year low […]

Gold – Drifts Below $1090

Gold – Friday 31 July 2015 Throughout the last month gold has steadily declined and fallen from above the key $1200 level back to a new five year low below $1100 earlier last week. Earlier last week gold fell sharply through the $1100 level down to the multi-year low near $1070 before rallying back up […]

Gold – Remains Motionless Below $1100

Gold – Thursday 30 July 2015 Throughout the last month gold has steadily declined and fallen from above the key $1200 level back to a new five year low below $1100 earlier last week. Earlier last week gold fell sharply through the $1100 level down to the multi-year low near $1070 before rallying back up […]

Gold – Continues to Consolidate Around $1095

Gold – Wednesday 29 July 2015 Throughout the last month gold has steadily declined and fallen from above the key $1200 level back to a new five year low below $1100 earlier last week. Earlier last week gold fell sharply through the $1100 level down to the multi-year low near $1070 before rallying back up […]

Top Trade Idea for July 28th, 2015 –XAU/USD

Gold is trading at new lows, currently around the trendline connected from the start of 2014 where support can be found, especially if we consider the shape of an ending diagonal placed in fifth wave. That’s a very important reversal pattern that suggests a bounce in the second part of 2015 and maybe very strong […]

Gold – Continues to Consolidate Below $1100

Gold – Tuesday 28 July 2015 Throughout the last month gold has steadily declined and fallen from above the key $1200 level back to a new five year low below $1100 earlier last week. Earlier last week gold fell sharply through the $1100 level down to the multi-year low near $1070 before rallying back up […]

Gold – Trading in a Narrow Range Below $1100

Gold – Monday 27 July 2015 Throughout the last month gold has steadily declined and fallen from above the key $1200 level back to a new five year low below $1100 earlier last week. Earlier last week gold fell sharply through the $1100 level down to the multi-year low near $1070 before rallying back up […]

Gold – Meeting Resistance at $1100

Gold – Friday 24 July 2015 Throughout the last few weeks gold has steadily declined and fallen from above the key $1200 level back to a new five year low below $1100 earlier this week. Several days ago gold fell sharply through the $1100 level down to the multi-year low near $1070 before rallying back […]

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