Gold_Professional_Sniper

Gold_Professional_Sniper Updated 

Gold was in a deep bear position and the consolidation phase has been established last week. FED Powell said that tapering will start by end of June 2022 which means that the bear sentiment in gold has started to vanish among traders and investors. The US economy has not achieved its complete recovery due to a spike in the coronavirus Delta cases and this has...

Gold_Professional_Sniper

Gold has broken my trend line to the down-side following three consecutive days of a negative move for the safe-haven metal. It follows that there is now a possibility for further weakness in gold towards the next relevant support around $1,778-76 region. Gold, however, denotes a present technical possibility of head and shoulders bottoms in Gold at...

Gold_Professional_Sniper Updated 

Gold was able to cross its strong resistance level at $ 1,810 today in the American session and shot to near one-month tops, around the $1,830 region further to the disappointing headline NFP figure. The US dollar follows suit and was weakened once again after the closely-watched US monthly jobs report showed that the US economy added 235K new jobs in August....