Gold Consolidates After a Sharp Drop on Thursday
Gold prices fell yesterday below lows set around the middle of October. The yellow metal has broken important support that could lead to a bit more downside over the near-term.
Technical
Gold Bears Encouraged by Tuesday’s Decline
A sharp fall in the price of gold on Tuesday has brought the bears out of the woodwork.
Near-Term Gains Appear Unlikely for Gold
Gold is resilient but risk sentiment is increasingly positive, the dollar is at important support, and there is some major resistance in play.
Gold Likely to Remain Firmly Bid Through NFP
Gold prices have rallied since the Fed meeting, leading to a significant breakout. I expect dips will be bought in the near-term, even if the US jobs report triggers a downward move.
Gold’s Post-Fed Rally Pattern Remains Intact
Gold prices have shown a pattern of rallying in the days that have followed Fed meetings in the year thus far. This time around, it might just lead to a significant breakout.
Gold Bounces From Critical Support Ahead of Fed
After a sharp two-day drop in the price of gold, the shiny metal is catching a firm bid from an important support area.
Gold Under Pressure After Failed Breakout
The price of gold has come under pressure after a failed attempt to rally above trend channel resistance late last week.
Gold Prices Stand to Rally on Brexit Delay
With the odds of a Brexit deal by the October 31 deadline declining, gold bulls may stand to benefit.
Gold recovers on Brexit uncertainty but gains limited by risk-on sentiment
The prices of gold recovered on Wednesday, October 16, 2019, after losing almost 1% during…
Gold inches up on renewed uncertainty over Sino-U.S. trade talks
The prices of gold increased slightly on Tuesday, October 15, 2019, after it was reported…