Bear Flag Break Spells Trouble for Gold Prices
Rallies in gold continue to be met by sellers at an important resistance level. With the break lower from a bear flag, gold prices are at risk of extending the correction.
Analysis
Gold Price Forecast – Stuck Inside Ichimoku Clouds
Gold markets remain under consolidation since Jan. 09. Notably, a sturdy resistance handle near $1561…
Gold Price Forecast – Bull Flag Breakout under Play
Gold prices continue to show decent moves. Despite the rise in the USD Index, which…
Gold Price Forecast – Catch the Next Upper Move
Gold prices might retrace upwards soon. The yellow metal has been struggling for the last…
Gold Prices Show Muted Reaction to Trade Deal
Gold prices continued to consolidate higher but volatility has remained muted since the US-China trade deal was announced official.
Gold Price Forecast – Near-term Bulls Buckling-up
Gold prices had undergone a slight correction yesterday. However, the traders disallowed further dips and…
Silver Trade idea for Tuesday, Jan 14
Precious metals have been under pressure and the technical outlook on a weekly chart does not look great. A short-term sell setup might be forming in Silver.
Gold Price Forecast – Expecting a Shorter Bear Trend
Gold markets continue to stay choppy. However, on the daily chart, I foresee a potential…
Gold Price Forecast – Bears’ Dominance Might Continue
Gold prices continued to decline even today. Despite the price drops since Wednesday, the XAU/USD…
Gold Price Forecast – Bears Activated for Correction
Gold prices have initiated a correction from its 7-year highs. Investors seem to have exited…