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Gold made a green candle after a pause of two weeks broadly on account of fears regarding a chaotic Brexit and unfavorable data spilling out of America suggesting continued anxiety over an imminent slowdown. The ECB further strengthened the case of the ongoing slowdown as it stuck with its negative interest rates for a prolonged period, this in turn should put...

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Gold consolidated after a down week in a range bound trade cradled between support and resistance due to lack of big-mover events. As global tensions are softening along with an increased appetite for riskier assets, gold remains in bear trend as it again took resistance at the black diagonal trendline and also failed to even touch $1500 adding further downside...

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Gold ultimately slipped into bear territory as it breached the long standing support of the diagonal black trendline on closing basis ending well below the $1500. The downturn was further triggered by a host of positive news coming from different parts of the globe toning down the tensions with the pick of the lot being “an agreement for further agreements”...

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Gold finally had a pattern breakdown which pushed it as low as $1460 before it managed to scale back above $1500 retesting the flag breakdown but the support of the diagonal black trendline still remains unbroken as the week closed exactly above it. With U.S – China trade talks to happen next week, there is an increased optimism for reaching a deal even if it...

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Gold yet again fell prey to consolidation/correction after making highs of $1535 adhering to the ongoing reversal pattern but it also again took support of the diagonal black trendline and bounced back from the lows (making a similar 5th bottom) clearly indicating massive buying at that level. Once again a big negative surprise popped out of the “Pandora’s Box” in...

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Gold finally broke out from the 3 week consolidation as it gained $28 in the week ending back above $1500 comfortably as geopolitical tensions continued to bite. Adding to the stockpile of tensions was a fresh spat between U.S and China on trade issues which fueled the last day rally again creating insecurity during the weekend. Negative surprises continue to pop...

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Gold remained in consolidation while yet again posting negative returns in another $40 week as geopolitical tensions eased but only to make a startling comeback in the weekend which should ensure sustained bullishness. Another reason for gold to remain directionless is the upcoming Fed decision over interest rate on 18th which will play the catalyst for further...

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Gold remained in consolidation as it registered another 52 week high but failed to capitalize on the gains ending with cuts of $16 for the week. The downfall from the highs was attributed to easing of trade tensions between U.S and China as they confirmed resumption of talks in October along with better than expected data which allayed recessionary fears to some...

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Gold created another 52 week high before retracing back to end in negative after 4 weeks of rally as U.S – China trade tensions eased but only to boil back again in the weekend as both countries imposed fresh tariffs. This uncertainty in trade wars which now is taking shape of currency wars along with slowing global economies (inverted yield curve) continue to...

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Gold made a new closing high as it added further gains on account of a worsening global scenario as U.S – China trade war intensified along with U.S Federal Reserve’s hawkish stance towards much anticipated rate cuts sending riskier asset class spiraling down again after a brief pause. Once again the “Pandora’s Box” opened with a plethora of negative surprises...

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Gold continued its uphill march as it claimed $1500 on closing basis rising $16 in another big ranged week owing to falling bond yields and broad sell-off in riskier asset class triggered by inversion of yield curve after a decade pointing towards an imminent recession. The week also saw one of the biggest and fastest intraday decline of over $50 as sentiments...

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Gold rallied hard mirroring the green bar (weekly) formed in June as it burst through the $1500 mark after a gap of 6 years broadly on account of heightened global risks and slowdown fears due to escalation in U.S – China trade war which would put undue pressure on the U.S Fed to further cut rates to spur growth. The big move cleared the path for gold to head...

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Gold resumed its rally as it gained $22 in a big range week which tested levels of $1400 and $1450 before settling at $1440. The ferocious up-move was a result of ripening trade tensions between U.S and China as U.S imposed a fresh round of tariffs sending risky asset class spiraling downwards along with industrial commodities as it gave a further push to the...

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Gold resumed its consolidation as it remained range bound cradled between support and resistance. Gold had a relatively smaller range week after a long time as it moved only $22 as the market awaits the U.S Fed’s interest rate decision on 31st July which should further cement the direction. Gold remains bullish as slowdown fears and geopolitical tensions continue...

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Gold broke out from the 3 week consolidation registering new high of $1452 as it rallied $52 from the lows ending the week with gains of $10 which again is a fresh closing high on weekly timeframe. Geopolitical tensions added fuel to the rally which is already backed by a certain rate cut by Fed in July. The closing yet again proves to be super bullish as it...

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Gold continued its consolidation as it moved in a defined range of $41 creating an inside bar not exceeding previous week’s high and low. Price managed a gain of $15 closing above $1400 as the persistent breakout overpowered good data from America and a certain rate cut by U.S Fed allowed the rally to continue weakening the dollar substantially. Next week again...

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Gold finally paused after the stellar rally as it moved in a range of $55 cradled between the support and the resistance posting a negative return of $10 after 6 weeks. The fall was on account of better than expected payroll data which reduced the likelihood of a rate cut in the next Fed meet allowing the dollar index to move higher. But even amongst such...

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Gold continued its rally as it rose more than $40 in the week but ended with modest gains of $11. This surge from lows was broadly on account of an accommodative Fed which became the reason for the fall as Fed’s Chair Powell signaled not so brisk path to rate cuts in his speech last week. The G20 summit and the most important Trump – Xi meet resulted in lowering...