The world was adapting to Trump Tariff Trumpet and Israeli preemptive strikes on Iran triggered sudden surge in safe haven demand for Gold causing a flash bullish momentum in prices reaching 3445 during early asian session. Any retracement pullback towards support zone 3415 or a tad lower to psychological zone 3400 will attract buyers again in anticipation of...
Gold attracted buyers on yesterday's dips and gathers momentum for renewed attack on 3350 to Target next resistance 3365 followed by 3375 Immediate Support sits at 3325 below which 3315 is next support. Bulls need to defend 3315 in order to continue with bullish attempts aiming for 3365-3375
Gold seems to have shed most of yesterday's gains as retail traders chose to collect profits on rejection from $3338 triggering selling pressure to retest $3302 Some weak consolidation above psychological zone $3300 is struggling to clear overhead resistance $3310, above which next upside hurdle sits at $3315-$3320 while active resistance zone is positioned at...
As Gold retested broad descending Channel support at 3293, a brief rebound off the lows is seen facing hurdle at immediate resistance 3335 If this resistance zone is cleared, the recovery rally may extend to next resistance 3343-3350 Failing to clear through 3335 will resume decline to retest 3293 below which next downside targets 3286-3283 followed by...
Gold has confirmed bullish breakout above the broad descending channel resistance and immediate trend continues to show bullish momentum that eyes immediate resistance $3375 followed by $3392-$3398 Higher high and Higher low sequence needs to stay valid as break below $3333 will negate the bullish condition. Immediate support sits at 4 hourly 50 EMA $3345
Long consolidation within $33.45 resistance and $32.70 support keeps Silver trading within a tight range and markets may witness a breakout of the range ahead. Next immediate targeted resistance sits at $33.70 while next immediate support is seen positioned at $32.40 Major move comes after the breakout and retest which we will cover in next report after the breakout.
Gold strongly surpassed critical resistance $3325 and extended bullish run to $3331 yesterday but failed to close the Day candle above $3325 and we can see today's bearish correction plunging to $3288 Currently a recovery attempt is seen towards immediate resistance $3305 which is crucial for bulls to remain in control and this established, next resistance sits at...
.Dollar Index gains strength reaching 100.50 .Gold faces headwinds amidst decline to $3245 .Rebound faces hurdle at $3298-$3305 .Below $3245, next Support $3228-$3215 As the Dollar Index begins to bounce off the lows, Gold comes under selling pressure diving to $3245 during early Asian session quickly followed by recovery attempts to approach $3290, a little...
After strong rejection from broad descending Channel Resistance at $3365, Gold has broken minor ascending channel support at $3325 and dropped straight to $3290 Current price action faces immediate resistance at psychological zone $3300 followed by overhead resistance $3315 while any rebound attempts are likely to be challenged by critical barrier and turning...
Gold has formed local support base at $3280 and consolidation above the psychological zone $3300 adds strength to prevailing bullish momentum that approaches immediate hurdle being faced at $3335 Bulls need to clear through $3335 in order to advance towards swing high $3345 If $3345 is decisively broken, upside rally is likely to reach broad descending channel...
.Dollar weakness supports Gold Upmove. .Immediate hurdle $3250 .Next Challenge 4 Hourly 100 SMA $3280 .Major Resistance descending channel trendline $3380 .Support Zone $3215-$3200 & $3190 Gold continues to attract buyers on dips as the weakness in the greenback keeps safe haven demand for the yellow metal intact. As bulls successfully reclaimed the...
The recent drop to $3120 attracted buyers as the metal rallied $80 to reach psychological zone $3200 Current price action is moving within a broad descending channel and decline towards $3120 accumulated significant liquidity below the channel support and smart money flow triggers momentum which now sits at critical junction of $3200 Bulls require strong break...
Yesterday's Tariff walk back is seen as beginning of ceasefire in Trade war strengthening the greenback as well as booster to global stocks indices led by DowJones and NASDAQ. The truce also signals a decline in safe haven demand for the precious metals kink GOLD as prices dropped to 3208 All the same, the metal attracted some short term buying as the one sided...
Gold opens with strong gap down testing intraday low of 3258 supported by optimism on tariff issues between the US and China. Current consolidation above the lows shows recovery attempts which again requires break and stability above 3285-3290 to reach critical challenge 3300 followed by 3315 If bulls succeed defending the 3300 psychological zone and clear...
Gold gathers strong bullish momentum supported by buyers intervention above 3300 psychological zone triggered by rush to safety and safe haven demand on the backdrop of emerging geo political crisis in the middle east. Asian session witnessed bullish rebound reaching 3386 while price action shows consolidation of intraday rally around 3350-3370 Immediate support...
Amidst better than expected NFP jobs reports, Gold retracement towards 3222 attracted buyers giving the metal a brief rally to 3242 Recovery attempts require strong break above immediate resistance 3243-3248 for extension towards next resistance zone 3265-3270 Meanwhile, rejection from 3245-3248 will indicate presence of sellers calling for retest of horizontal...
Gold attracted significant buying rally on retracement to 3200 psychological zone as economic concerns remain unaddressed and stocks continue to Rollercoaster. Momentum accumulation gathers pace on stability above 1 hourly 50 EMA aligned with 3243 Recovery rally has successfully tested breakdown point and support turned resistance zone 3263 A price adjustment...
Gold attracted significant buying rally on retracement to 3200 psychological zone as economic concerns remain unaddressed and stocks continue to Rollercoaster. Momentum accumulation gathers pace on stability above 1 hourly 50 EMA aligned with 3243 Recovery rally has successfully tested breakdown point and support turned resistance zone 3263 A price adjustment...