Gold is in an upward trend and its targets are clear on the chart The price floor is 2280
While the price of D1 gold saw an increase yesterday, putting an end to its three-day losing streak, the resulting price bar displayed an upward trend with a limited range. It closed with a 1/2 upper shadow, indicating that the buying force in the lower range remains relatively weak compared to the downward pressure from above. The daily structure of gold on D1...
Gold price on Kitco closed last week's trading session at 1,992 USD/ounce. Investors' worries about the Israel-Hamas conflict still exist, but that cannot help gold prices surpass the threshold of 2,000 USD/ounce. It is because the gold price cannot surpass this important threshold that has caused market psychology to become cautious. Some analysts believe that...
Gold has been flexing its muscles, holding strong against the market forces at the $2006 level. This is an incredibly significant indicator that suggests a bullish trend for the precious metal. The market is buzzing with anticipation, and it's time for us to seize this golden opportunity! Now, you might be wondering, "What does this mean for me as a long...
I am writing to bring your attention to a highly lucrative investment opportunity that has emerged amidst the escalating tensions in the Middle East – the exponential rise in gold prices acting as a safe haven. As you are well aware, gold has always been considered a reliable investment avenue during times of geopolitical uncertainty. The recent developments in...
Here is quick understanding about gold Gold had shown consolidation after it broke resistance near $1940 -$1935 range in recent market, which was due to the CPI report. The decrease in consumer inflation also resulted DXY prices to decrease, which led the gold to consolidate through out the day. As per the current situation the resistance level that is coming...
XAUUSD, when observed on a daily time frame, is currently in an uptrend and is exhibiting a pattern of higher highs (HH) and higher lows (HL). However, there has been a significant decrease in price accompanied by high trading volume, which breaks the previous higher low according to Dow Theory. This suggests that GOLD is likely to print lower lows (LL) and lower...
as we see gold this week trades are facilitating VL, reject from 1965,1958, we see price is fading way below absorption buyers lifting the price higher below 1940 , after buyers are initiative push the price higher after reject from 1957 create new key levels, a zone price all the way to trade location 1944 know buyers are pushing higher creating new order flow.
profit booking in GOLD is inevitable as inflation fear eases
SSR Mining Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and operation of precious metal resource properties in Turkey and the Americas. The company explores for gold, silver, copper, lead, and zinc deposits. Its projects include the Copler Gold mine located in Erzincan province, Turkey; the Marigold mine located in...