Gold prices climbed to fresh six-month highs a week ago as the rally was capped by the psychological barrier at $1,300. The precious metal failed to regain the sustainable traction since then and goes through a consolidation mode in anticipation of fresh drivers. On Friday, the prices resumed the upside move, challenging the $1,295 handle.
In the weekly and ...
Looking at the gold today weekend, it has been in a range for some time now and we've seen that in side the range has appeared another resistance zone. I am looking to short this and take profit down towards the next support zone.
Price seems to created a tweezer top on the daily and price has driven down from that resistance zone in lower timeframes such as the ...
Gold, along with other safe-haven assets, failed to receive a boost from a parliamentary vote in the UK where Theresa May suffered the worst defeatof a government in the history of the House of Commons. Now, investors bet on a ‘softer’ Brexit, which in turn supports high-yielding assets, while the Japanese yen and gold turned lower on Tuesday.
Today, the ...
nothing changed in bigger picture, just there r lot of possibilities of what kind of structure will make, so this is my viewing...
ill go with contracted flat cose that C wave if goes as per chart, at c point will be finished and after that next structure would be in opposite way.
BUT it may be just part of bigger structure that will drop some more for regular flat.
Gold prices extended their bullish breakout on Thursday, with the bullion rallied to fresh mid-2018 highs marginally below the $1.295 figure. The yellow metal has been on the rise for a third week in a row, and looks set to regain its appeal further in the longer run. However, the short-term picture suggests that the prices could see a pullback before another ...
Gold finished off the year on a firm footing and could be poised for an even more vigorous rally in the months to come. The yellow metal closed at six-month highs above $1,280 in December and looks set to develop its ascent against the backdrop of the ongoing turbulence in the global financial markets. The widespread dollar weakness seen towards the end of 2018 ...
Gold at a cross road again.
To break up higher from hear would signal a re-emergence of the upward short term trend and signal another attempt about the horizontal resistance area of 1350-1380.
A failed move higher would signal lower prices for 2019.
After a brief pause that was just a short-term bounce within a bullish trend, gold prices resumed the ascent on Thursday, though failed to challenge the six-month highs close to $1280 reached the day before. On Friday, the price has refreshed a six-month high above $1281 and looks set to target the key $1300 barrier. The yellow met-al continues to attract demand ...
This is the long-term monthly candle chart in Gold - dating back to 1998. Since 2013, very little has happened with the price largely holding between $1200-1350 throughout the past 5 yrs. Now, however, you can see that the price has begun to pick up again having held a series of higher lows since 2015. Prices are currently breaking higher once again & a new ...
The recovery in gold prices from August lows is gaining momentum. On Wednesday, the precious metal has extended weekly gains to fresh mid-July highs marginally above $1,251 and holds in the positive territory, ex-pecting fresh short-term drivers.
It looks like gold is shining again, after a break of the aggressive bearish trend. The bullion’s appeal is ...
Expecting GOLD to drop next week. GOLD didn't make many moves this week at all. GOLD never normally goes 5 days with such weak moves. What does this mean?
Accumulation to collect orders at such a high price. We saw gold fall a bit Friday and recovered very quick. But, still down for the day. I would like to see some profit taking from the banks with it being ...
price breakthrough 1240, retest and heading for weekly fib 127% level at 1256, SL placed at 1237. 18 MA now forcing price up for a break of the descending 4hr trendline up to TP
In the weekly charts, gold prices are trading in the negative territory but the overall dynamics continues to im-prove. Earlier this week, the bullion reached the $1,250 handle for the first time since July, which is another con-firmation of reaching a bottom at $1,160 in August.
Further dynamics in the yellow metal will depend on the fate of the dollar’s ...
Gold/silver ratio upward trend line broken indicated ratio to lessen and Silver to rally faster relative to Gold.
When the ratio lessens it also means that Gold tends to rally also.
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a fiat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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