Gold Price: Current Pricing, Prices Chart & Rate Graph
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's...
Gold once reached around 2230, but then the big positive line directly pulled up to above 2250. This is an obvious bullish pattern. Even if it falls back, the big positive line can still pull up. This is a super buying trend, and the K line continues to see new historical highs.
The gold four-hour line fell back and exited three negative lines, but one big...
Reason Behind Sell
1. Bearish Spinniing Top formed on Last Week Candle
2. Bearish Dogi Which makes short term Reveral of Uptrend
3. Double Top Formed and fibo Golden Ratio
4. Bearish Symmetrical Triangle Formed and breakout expected @ 2015
Overall Possible Outcomes
XAUUSD SELL @ 2030
TP 1 2016
TP2 2000
TP3 1980
SL 2053
Last week, gold fluctuated with a narrow range and regularly tested the psychological barrier of 2,000 USD/ounce. However, the metal still failed to hold this level as it was caught between conflicting factors between interest rate expectations and geopolitical concerns.
Among Wall Street analysts participating in the survey, 60% expect gold prices to move higher...
