Gold prices have trended lower after briefly trading at fresh seven and a half year highs around the middle of the month. The broader trend remains to the upside, although overbought conditions for several assets suggests a further consolidation may be in the cards.
Recent shifts in the markets suggest gold prices are about to breakout in the same manner as they did over the summer last year.
Support and resistance price levels determine points on a chart where the price from could change direction
Gold prices have rallied sharply higher over the past few sessions as the markets look…
The prices of gold today edged lower at the European open as investors appear to…
Several equity indices around the globe are officially in a bear market while the US 10-year bond yield has plunged to a record all-time low. Yet gold is struggling to make gains beyond highs set ahead of the Coronavirus escalation in late February.
Gold prices have been in a technical breakout since the summer. During bullish periods, the upside potential is significant.
The prices of gold today are in a tight range after rising sharply on Tuesday after the Federal Reserve delivered an emergency rate cut
Buyers continue to push the gold prices higher. Last week, the yellow metal prices had…
Gold prices have crossed above $1600, triggering uptrend continuation. Quite remarkably, the XAU/USD pair has…