TVC:GOLD Gold prices started the week softer and moved further away from one-week highs, around the 1,970$ region touched on Friday. XAU/USD trades just above 1,960$ during the Asian session, albeit without any further selling and manages to hold above the key support of the 100-day Simple Moving Average (SMA). On the downside, Friday's highs, around the 1,975$...
TVC:GOLD Gold prices rallied to refresh the day's high as buyers celebrated a two-day winning streak, after refreshing a 10-week low. In doing so, XAU/USD doesn't justify the latest DXY rally but cleverly cheers falling Treasury yields. Gold prices edged higher past resistance turned support at 1,955$ including the 5-DMA and the previous monthly low. GOLD ...
TVC:GOLD The gold price rally moves closer to a key near-term upside barrier around 1950$, which includes the one-day Fibonacci 38.2% and the previous monthly low. In the event that XAU/USD remains more stable past 1950$, the convergence of 5-DMA, previous daily lows and one-day Pivot Point R1, near 1955$, could spur Gold buyers before giving them the right....
TVC:GOLD Gold price (XAU/USD) marks a zigzag move around daily bottom near 1942$ as bears continue to take control. Gold price struggles to defend the recovery from 2.5-month horizontal support around 1932-35$ amid below 50.0 of the Relative Strength Index (RSI) line, set at 14 , which indicates a lack of bullish momentum. Adding strength to the bearish trend...
OANDA:EURUSD The daily chart shows EUR/USD closing below 1.0775, suggesting further weakness. While there may be some consolidation, the common direction could be downwards. The 100-day simple moving average (SMA) is flat, about to turn bearish, currently hovering around 1.0810, reflecting three bearish weeks. Expected to have a strong bounce after a series...
TVC:GOLD Gold price extended its downtrend below the immediate support of 1,930$ during the Asian session. Earlier, the precious metal showed a vertical decline after sliding below the 1,955$ cushion as the US economy was moving closer to default amid a divergence in views on the budget between the two countries. Gold price has turned out of balance after...
TVC:GOLD I expect a bounce and it will return to the zone between 1940$ and 1930$ Gold price (XAU/USD) failed to defend the immediate support at 1975$ during the Asian session. The precious metal fell sharply as Federal Reserve (Fed) policymakers were confident the central bank would raise interest rates more in its fight against persistent US inflation. Gold...
TVC:GOLD Gold price (XAU/USD) failed to defend the immediate support at 1975$ during the Asian session. The precious metal fell sharply as Federal Reserve (Fed) policymakers were confident the central bank would raise interest rates more in its fight against persistent US inflation. Gold prices are expected to plummet after breaking below the demand zone placed...
TVC:GOLD Gold prices have rebounded above potential resistance, which has turned support, drawn from mid-month lows at $1,970 on a four-hour scale. The precious metal shows a V-shaped recovery from around 1955 amid the emergence of responsive buyers. Confident sustainability above the 20-period Exponential Moving Average (EMA) at $1,980 will turn the short-term...
TVC:GOLD Gold prices (XAU/USD) showed some buying interest after falling below 1990 during the Tokyo session. The precious metal has seen some recovery as the US Dollar Index (DXY) is struggling to extend its rally above 102.75. Gold price has yet to develop a strong uptrend as it needs to pass more filters to gain traction. Gold price analyzed the breakdown of...
This is a possible bitcoin out in the next few days if it follows the pattern it has been following the last week.