Tag - gold

On Tuesday, gold slumped below a psychologically crucial value of $1,200 because the number one precious commodity extended an everlasting losing marathon into September, which has been mainly powered by strength in the evergreen buck…

On the daily chart of XAU/USD, bulls couldn’t break the resistance at 1,216 and hold the pair above 1,209.

On Monday, gold managed to surge a bit in the face of thin trade with Canadian and American financial markets unavailable due to Labor Day holidays…

On Wednesday, gold was braced for back-to-back dips because a leading USD index managed to ascend from a one-month minimum…

On Tuesday, gold managed to stabilize because the evergreen buck kept to a one-month minimum after the preliminary trade pact announced on Monday between Mexico and the United States— a development, which generally backed riskier markets, although did…

XAU/USD keeps trying to reach 161.8% and 200% targets of “Crab” and AB=CD. To enter a long position, use the “Three touches” strategy.

At the end of the previous week, gold rose the most in five months after the Fed’s chairman Mr. Powell gave a dovish speech at the Jackson Hole Symposium.

On Thursday, gold rebounded, slumping below $1,200 Thursday, shrugging off the slight boost obtained after a worrying note on trade clashes found within the Fed’s mostly status quo policy gathering minutes…

On Tuesday, gold managed to jump because the evergreen buck dipped after Donald Trump told he strongly dislikes the Fed’s intention to have rates increased…

On the daily chart, XAU/USD pulled back after reaching 113% target of the “Double top”.

On Monday, gold ascended, recovering some losses having faced its largest weekly sag for more than year because market participants awaited references from the Fed later this week…

Gold has already lost out in a paradigm shift exactly where the number one precious commodity is no longer considered to be a traditional refuge when traders are in a risk-off mood…