Gold prices rose in today's session, marking the fifth consecutive weekly increase, fueled by concerns over potential retaliatory measures between Iran and Israel, which have spurred demand for safe-haven assets. Currently, gold has climbed 0.55% to $2,392 USD/ounce as of 1:45, after peaking at $2,417.59 earlier in the session. The price has risen 2.2% this week...
Hello everyone! Today, gold prices are trading near $2400, reversing from a five-day high of $2418 achieved earlier in the Asian session. Despite a slight pullback, gold remains on track for its fifth consecutive week of gains. XAU/USD has regained momentum, approaching the $2400 mark and indicating some short-term consolidation. Technical indicators have...
Had to take a position on this today! Sprott is the largest holder (with 165 million shares). This long-term chart looks very similiar to Jaguar Mining (another Sprott company) that has taken off. A reverse head and shoulders forming on the monthly chart. It could still bounce sideways to lower in the near-term. If so, I doubt it will be dramatic. Could be an easy...
USD/JPY has stabilized around the 154.50 mark, recovering some of its losses from Friday. A report from Reuters revealed that an Iranian official stated there are currently no plans for immediate retaliation against Israeli airstrikes, easing geopolitical tensions. The US dollar gained momentum following hawkish remarks from Federal Reserve officials on Thursday,...
Gold (June) / Silver (May) Gold, yesterday’s close: Settled at 2388.4, down 19.4 Silver, yesterday’s close: Settled at 28.40, down 0.024 Gold has traded fairly constructive on the week given Friday’s sharp reversal but the overhead supply resulting from this reversal is apparent at major three-star resistance at 2404.3-2408.5 and 2412.9-2414.8. A close...
Hello traders.. gold has been making all time highs. The last all time high was created with consumer sentiment news that miss forecast for the USD last friday. Since then we've been going sideways and are currently in a 4hr range between 2,393 and 2,360. The weekly candle is bullish & the last 2 daily candles have closed bearish. The 1hr candle is currently...
Always good to measure against the DXY not just the USD value Not perfect of course as it is mainly the Euro and Yen but still insightful. Been watching the relationship for a while currently breaking out to the upside HVF theory means this should be a violent expansion Target 1 coming up.
Kicking off the trading week, gold prices have rebounded sharply, opening at $2,361 per ounce—a $17 increase from last week's close. This uptick is largely influenced by the escalating geopolitical tensions in the Middle East, boosting demand for gold as a safe-haven asset. Technical charts show that gold remains robust, consistently trading above the EMA 34 and...
This chart will tell you where to invest over the remainder of this decade: PMs or general equities. A break above 50 and PMs are looking good.
China continues to purchase Gold, adding 23 Tons of the precious metal just the last month, according to the World Gold Council. Since November, China has accumulated more than 180 Tons of Gold, equating its official Gold State Reserves to around 2,136 Tons.
Hey everyone! Quick update: Gold was on a wild ride yesterday, dropping to $2,330 and then surging up to $2,392, netting a cool $62 gain in no time. That’s some solid proof that gold's still got its mojo despite all the market madness. With U.S. inflation heating up, it looks like the Fed might hold off on any big monetary moves, which only strengthens gold’s...
What do you think is going to happen to gold and silver when the markets open Sunday night, through Monday?
Shortly after the futures market opened, gold reached our long-time-awaited price target of $2,300 and established a new all-time high at $2,305 before retreating slightly lower. We continue to be bullish on gold in the long term and believe it can reach significantly higher price tags ($2,500 and higher) due to future rate cuts, sticky inflation, and a weak U.S....
Gold (June) / Silver (May) Gold, yesterday’s close: Settled at 2348.4, down 14.0 Silver, yesterday’s close: Settled at 28.052, up 0.068 Yesterday’s warm CPI and weak 10-year auction paved the way for a much-needed consolidation day for Gold and Silver. Still, the precious metals complex battled valiantly, exuding bull market trends within the intraday...
This arc is showing positive signs for the remainder of the calendar year. If it can stay within the arc this summer, $2600 before the end of the year is quite possible.
Many analysts have spotted the cup and handle pattern made by Gold ( OANDA:XAUUSD ). However, the handle pattern looks as if it's morphed into an inverse head and shoulders pattern. If correct then bulls will have to wait well over a year for a breakout. Let's see.
Good Day, Fellow traders and followers, IS SILVER ABOUT TO TO GO BONKERS?!?!?!? This chart is kind of busy, I don't normally make busy charts, but there is so much going on in this monthly chart. Lets dig in!! First off, lets start with the price action, it has clearly broken through resistance (blue line). Also, the price action is in a purple cup, that's...
How will you capitalize when Gold is up $500 on a Sunday night? I am not looking for an answer; we futures traders think about it. Gold futures this week reached new all-time highs as anxiety surrounding an escalation between Israel and Iran (OPEC member) pushed the CRB index to its highest level since October as the raw materials basket entered the new bullish...