Gold is hovering in a range with support and resistance getting tested every week. Yet again the prices moved in a very small band with gold suffering minor cuts of $6 for the week. $1300 got broken again but this is a new normal considering the price action that too within a strict range. The trend line was respected once again and the prices moved back from the...
Gold withstood another volatile week with prices swinging in both directions. Point to note, it gained $10 in such an environment and the most importantly closed above the crucial $1300 mark back again after one week’s fallout from the much hyped range. Such an activity might be purely technical in nature given the prices were outside the bollinger band and a...
Gold finally broke the trading range it had been into from many weeks on the downside as it slid past $1300 comfortably and posted a nearly $20 weekly loss. This kind of movement was getting over-due and a fatigue was kind of setting in when the price action was taken into account. Fundamentally the events did not favor the rising prices thus allowing it to breach...
Gold withstood another volatile week where the prices see-sawed over $20 but the crucial $1300 mark was respected again showing great strength at lower levels. In such a wild week gold managed to add on to minor gains of just over $2 which is quite respectable given the fundamentals which are doing rounds around the globe. Gold pulled back into its trading range...
Gold had another tough week where it opened gap down over $10 and never really managed to go higher to fill the gap fully ending with cuts of over $5. Price action was mixed throughout the week where the metal tested the crucial support of the key $1300 mark and bounced back to close the week higher way above the support level of $1308. Technically a probable...
Gold suffered with cuts of over $13 in past week in yet another rangebound trade where supports and resistances where respected. Gold was in a sell mode from the time it started the trade as the open was its high for the week and it trended lower towards the support area at $1317 from where it trimmed back some of the losses to close fairly higher. But again the...
Gold simmered and lost more than $10 in yet another rangebound week where both the marks – supports and resistances were held thus once again giving no clue on which side the break possibly could be. The moves were broadly on fundamental pressures which created opportunities for both bull and bear and this is now been happening for several weeks. Gold’s closing...
Gold had another big range week having moved nearly $40 from the lows to the highs. In such a volatile week gold managed to post decent gains of nearly $10 which was broadly on account of fundamentals surrounding the trade war and geopolitical tensions involving Syria this time. Supports were held whilst the stiff resistances also played their part not allowing a...
Gold gained over $10 in a very volatile week of trade which was broadly affected by fundamentals surrounding the trade war. Gold had big swings on both upside and downside having a combined range of nearly $30 which was constituted by a rise in first half of the week and then a fall from highs over tensions easing in the later half. Even in this volatility it...
Gold took a u-turn after hitting the resistance area and dropped over $35 from the highs before settling for cuts of over $20 for the week. Gold has been making lower highs and lower lows whenever it breaks out which is not a good sign for the bullish trend, but given the fact moreover every time the $1300 mark has been held gives impetus to the overall trend to...
Gold rose more than $30 in the past week after bouncing off its support area at $1308. Such a move was on expected lines if the support was held and the size of the move was due to the low volatility seen in the previous weeks which was showing signs of accumulation and it sort of mirrored a catapult kind of move as the prices were held back and consolidating...
Gold had a fall of over $10 in a yet another range bound week. Price action has seemingly lost volatility and is confined within a strict 40$-45$ range. Last week gold found resistance at $1331 before retreating and falling to lows of $1309 where it found support of the 20 day moving average and bounced off. Technically the closing price is under the support of...
Gold had a rangebound week ending with a cut of only $1. Price action was contained in a range which was the support and the resistance behaving on expected lines. Volatility was there but it was also confined within the range as key fundamental changes pushed the prices lower from the highs primary factor being geopolitical tensions getting tempered down as U.S...
Gold had a roller coaster ride in the past week touching both support and resistance when it whipsawed nearly $40 but managed to close with a minor cut of $7. The 20 day moving average was once again respected in weekly timeframe and it gave the metal the boost it required to rebound from the lows of $1300s. Such a move from lows again was purely on technical...
Gold had volatility back as it dropped nearly $20 for the week. It never came out of the woods once the support at $1345 was breached and it remained under pressure for the week but managed to close above the 10 day moving average which is considered to be bullish in the bearish scenario as the support at $1331 got broken on closing basis. Weekly closing suggests...
Gold soared nearly $50 in the last week posting 52 week high gains in a given week before settling for gains above $30. Such a move was anticipated given the technical pattern of double bottom which was formed at $1307. Higher than expected Inflation data of America fueled the yellow metal’s gains which moved nearly vertically after a knee jerk reaction of a minor...
Gold again slipped in a volatile trade as it kept on with the volatility in equities which may be the cause of the fall but it certainly differs from general outlook of gold being a safe haven in such times. Gold had a swing of $40 which tested both the support and the resistance before settling in for a cut of nearly $20 for the week. Such a reaction of yellow...
Gold saw a pullback of over $15 in a very volatile week of trade which was more or less on the expected lines amidst cautious trading and gold hovering near its 52 week high. Week featured bloodbath in equities on account of bonds sell off which happened after a long time and this might have been the driver of gold to the negative direction as assets come under...