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”…
Tag - gold
Gold edges down ahead of Fed decision
On Wednesday, gold went down in Asia trade ahead of the Federal Reserve decision on the interest rate…
XAU/USD: Gold has come to the Rubicon
Recommendations: SELL 1282 SL 1297 TP1 1252 TP2 1244 TP3 1215 BUY 1308 SL 1293 TP1 1325 TP2 1335 TP2 1349 On the daily chart of XAU/USD, the 1282-1308 consolidation continues…
Gold edges up backed by tensions on the G7 summit
On Monday, gold went up in the face of a weakening evergreen buck after Donald Trump had made up his mind to withdraw his signature under the joint communiqué of the G-7 summit ahead of his meeting with North Korean dictator Kim Jong-no…
Gold is nearly intact ahead of the G7 summit
On Friday, gold was nearly intact as market participants were waiting for the start of the highly anticipated G7 summit…
XAU/USD: gold is making a wedge
The inability of bulls to overcome resistance at 23.6% of the wave 4-5 and lead the pair out of the descending trade channel points at their weakness.
Gold dives on strengthening US currency
On Friday, gold declined in the face of the ascend of the evergreen buck after the report on employment in the United States that turned out to be better than the estimates of experts…
Forex today: appreciation against the USD
The US dollar index strongly fell on Wednesday because of weak economic data.
Gold ascends a bit because of everlasting instability in Italy
On Wednesday, gold rallied a bit in the face of continued uncertainty about the situation in Italy…
XAU/USD: gold wants more but...
XAU/USD keeps forming a “Broadening wedge”. The pair’s correcting to 23.6%, 38.2% and 50% of the wave 4-5.
Gold keeps diving amid geopolitical instability
On Tuesday, gold descended in the face of political instability in Europe, which keeps generating fears of investors around the globe…
Gold (XAU/USD) could switch the focus to the downside
Gold has been struggling to consolidate above the 200 SMA, following a strong offer zone found in the Fibonacci level of 50% at 1303…
