Tag - gold

XAU/USD: gold is looking for a bottom
XAU/USD: gold is looking for a bottom

On the daily chart of XAU/USD, the short-term downtrend continues in line with the formation of a “Double top”, AB=CD and a “Widening wedge”.

Gold reaches 6-month minimum on strengthening greenback
Gold reaches 6-month minimum on strengthening greenback

On Tuesday, gold kept diving for a second session in a raw in early morning trade, reaching a six-month minimum because the evergreen buck leapt and fears of escalating trade clashes didn’t back the safe haven precious commodity…

XAU/USD: Indians prefer gold
XAU/USD: Indians prefer gold

On the daily chart, XAU/USD keeps forming patterns 5-0 and a “Widening wedge”. The pair is moving towards a convergence area of 1,244-1,250 (50% correction of the last long-term bullish wave)…

Gold edges up on diving greenback
Gold edges up on diving greenback

On Monday, gold managed to rally because the evergreen buck sank, while trade worries between China and America backed the precious commodity too…

Gold is set for second weekly dive
Gold is set for second weekly dive

On Friday, gold remained close to its lowest value this year because a weaker greenback didn’t manage to stoke appetite for the number one precious commodity…

Gold dives amid strengthening US currency
Gold dives amid strengthening US currency

On Thursday, gold tumbled in the face of a stronger US currency, getting closer to a six-month minimum because the Fed Chair officially confirmed an outlook for higher interest rates in America…

Gold heads south to year’s low
Gold heads south to year’s low

On Tuesday, gold slumped because worries over a potential trade conflict made traders look for refuge in the greenback, raising a benchmark index for the US currency to its highest value of 2018…

XAU/USD: bears are armed with a wedge
XAU/USD: bears are armed with a wedge

Recommendations: SELL 1290 SL 1305 TP1 1272 TP2 1244 BUY 1300 SL 1285 TP1 1324 TP2 1333 TP3 1349 On the daily chart, XAU/USD formed a “Broadening wedge”…

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