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Gold and the coronavirus
While US stocks continue to show record growth, the gold market, despite its historical highs, has been weakening recently. The shiny metal...
Posted On 20 Feb 2020
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//Gold
Gold price rejection at important Fibonacci and cloud resistance levels
Gold price has tested the short-term resistance at $1,575-$1,580 and now it shows rejection signs. Price is reversing at important Fibonacci and...
Posted On 11 Feb 2020
Gold Prices Pare Early Gains In Cautious Trade
Gold prices gave up some early gains on Wednesday after climbing as much as 2 percent to vault over the $1,600 ceiling for the first time in...
Posted On 08 Jan 2020
Trump drains the dollar
Today, feeds of all news agencies are filled with news from the Middle East. Analysts are discussing Trump’s tweets and the mutual threats...
Posted On 06 Jan 2020
Gold price creates condition for a move to $1,600
Gold price gave us some warning reversal signs last week when it was trading around $1,530. However these warning signs never gave reversal sign...
Posted On 04 Jan 2020
Gold rushed up; XAU/USD
The weakness of the US dollar at the end of the year made it possible for gold to eliminate most of the autumn losses associated with the...
Posted On 01 Jan 2020
What is happening in the commodity market? (gold and silver are at a crossroads)
While the foreign exchange market is unusually dormant in the Christmas week, and the global stock markets made a “cautious”...
Posted On 26 Dec 2019
Gold Holds Firm In Cautious Trade
Gold prices inched higher on Wednesday despite the U.S. dollar strengthening across the board on the back of encouraging data on home...
Posted On 18 Dec 2019
Volume analysis of gold
Good afternoon, dear traders! I present to your attention a volume analysis of gold. Yesterday’s speech by Jerome Powell weakened the US...
Posted On 15 Nov 2019
Control zones Gold Nov 11, 2019
Closing last week’s trading occurred below the weekly control zone 1470.58-1466.08. This indicates a continued downward movement in the...
Posted On 11 Nov 2019
Gold reclaims key $1,500 level but daily candle gets rejected once again at major resistance
Gold price managed to move and stay above the key $1,500 level and exit the short-term bearish channel. However price has formed a Daily bearish...
Posted On 28 Oct 2019
Gold price forms a short-term bearish channel
Gold price is trading below $1,500 again and as explained in our previous analysis, Gold has the potential to move towards $1,450-$1,400 area as...
Posted On 08 Oct 2019
Gold on the podium: the precious metal’s price growth is logical
The topic of randomness or regularity of the current growth in the price of gold is of concern to many analysts. This question is asked by...
Posted On 02 Oct 2019
Gold price recaptures short-term resistance levels
Gold price has broken above $1,520-25 short-term resistance area and must stay above it in order to continue to new 2019 highs. A reversal from...
Posted On 25 Sep 2019
Gold Prices Mixed After Fed Move
Gold prices traded mixed on Thursday, a day after the U.S. Federal Reserve cut interest rates for the second time this year, but offered mixed...
Posted On 19 Sep 2019
Gold Prices Subdued Ahead Of Central Bank Meetings
Gold prices were flat to slightly lower on Tuesday as investors await key central bank meetings in the U.S. and Japan. While the Federal Reserve...
Posted On 17 Sep 2019
Gold remains inside weekly bullish channel
Gold price broke above the short-term trading range and is closing in on our next upside target of $1,570 which is the 161.8% Fibonacci extension...
Posted On 27 Aug 2019
Gold Edges Up As Recession Worries Mount
Gold prices rose slightly on Thursday as fears of global recession mounted. Spot gold rose 0.3 percent to $1,521.24 per ounce, while U.S. gold...
Posted On 15 Aug 2019
Gold 08.14.2019 – Shakeout in the background, more uspide yet to come
Gold did drop strongly yesterday and the price tested the level of $1.480 but it got fast rejection, which is sign that .buyers are still present...
Posted On 14 Aug 2019
Gold continues climbing to $1,500
Fundamental factors remain notably positive for gold given fears over the global trade outlook. With increased expectations of further Fed rate...
Posted On 07 Aug 2019
Prospects for gold in August and September
After Fed Chairman Jerome Powell announced that the Open Market Committee did not expect a mitigation cycle, and the rate reduction was a...
Posted On 05 Aug 2019
Gold Edges Lower On Profit Taking
Gold prices edged lower on Tuesday as a stronger dollar prompted traders to book some profits after recent sharp gains. Spot gold eased 0.4...
Posted On 23 Jul 2019
Gold Inches Higher After China Data
Gold prices inched higher on Monday amid growth worries after China posted its weakest quarterly GDP growth in at least 27 years. Spot gold edged...
Posted On 15 Jul 2019
GOLD to lose further grounds below $1,400? July 8, 2019
Gold has been quite corrective and volatile, having reached $1,440 with a daily close recently. Such a price move indicates further downward...
Posted On 08 Jul 2019
Gold Prices Rise On Safe-haven Demand
Gold prices rose on Wednesday as lingering worries surrounding slowing global growth and rising trade tensions encouraged safe-haven demand for...
Posted On 03 Jul 2019
Gold. Trading system “Regression Channels”. June 25, 2019
4-hour timeframe Technical data: The upper linear regression channel: direction – up. The lower linear regression channel: direction – up. The...
Posted On 25 Jun 2019
GOLD to extend gains? June 20, 2019
GOLD managed to climb impulsively after breaking above $1,300 with a daily under high volatility. The price formed Bearish Divergence along the...
Posted On 20 Jun 2019
GOLD rejected off $1,350 strongly ahead of FOMC Meeting. June 17, 2019
Gold recently rejected off the $1,350 area with a strong bullish move inside the overall bearish bias while forming a Bearish Divergence. This...
Posted On 17 Jun 2019
Gold Hits 14-month High On Safe-haven Demand
Gold prices rose over 1 percent on Friday to surpass the key $1,350 level for the first time since April last year, as renewed trade tensions,...
Posted On 14 Jun 2019
GOLD to reach $1350 soon. June 13, 2019
Gold managed to regain momentum after throwback towards $1320 support area. It is currently heading towards $1350 resistance area. After the...
Posted On 13 Jun 2019
Gold Prices Slip As Dollar Steadies
Gold prices fell slightly on Tuesday and the dollar steadied above a recent two-and-a-half-month low as investors shifted their focus to the G20...
Posted On 11 Jun 2019
Technical analysis of weekly chart on Gold
Gold price ended the week close to its highest level and to new weekly closing highs, even above February highs. There is very important...
Posted On 08 Jun 2019
Analysis of Gold for May 30, 2019
Gold price has been trading downwards. The price did hit our down target from yesterday at $1.275 and did flip up, which is sign of the reversal....
Posted On 30 May 2019
GOLD to rebound off $6500? May 22, 2019
GOLD remained unchanged and indecisive below $1276 area sustaining the bearish momentum. Gold prices are likely to advance $1265 support area....
Posted On 22 May 2019
Gold Prices Ease Ahead Of Fed Decision
Gold prices eased on Wednesday and the dollar held steady as investors await the outcome of a Federal Reserve meeting. Spot gold slid 0.1 percent...
Posted On 01 May 2019
Technical analysis for Gold for April 19, 2019
Gold price remains in a bearish short-term trend. Gold price broke below important support levels but the move lower has not extended yet towards...
Posted On 19 Apr 2019
Technical analysis for Gold for April 17, 2019
Gold price broke below important support area of $1,280-90 yesterday. Trend remains bearish. Price should continue lower towards $1,250-60 over...
Posted On 17 Apr 2019
Analysis of Gold for April 12, 2019
Gold has been trading sideways at the price of $1.291.00 in past 16 hours. We still expecting downward movement. According to the H4 time-frame,...
Posted On 12 Apr 2019
Technical analysis for Gold for April 11, 2019
Gold price continued its upward move towards our first short-term target of $1,310-15 area. Price back tested the support area at $1,300 and...
Posted On 11 Apr 2019
Technical analysis for Gold for April 9, 2019
Gold price has broken above short-term resistance and is expected to move towards $1,315. Bulls need to recapture the $1,300 level as soon as...
Posted On 09 Apr 2019
Gold Dips As Dollar Strengthens
Gold prices fell slightly on Thursday as the dollar gained ground following more dovish sounding from central banks. Spot gold and U.S. gold...
Posted On 28 Mar 2019
Gold Drops On Firm Dollar Ahead Of Fed Decision
Gold prices fell slightly on Wednesday and the U.S. dollar firmed up against its peers as investors awaited the Fed’s interest-rate...
Posted On 20 Mar 2019
Technical analysis for Gold for March 19, 2019
Gold price so far has held support at $1,292 and has also recaptured $1,300. As long as price is above $1,300-$1,292 support area we could see a...
Posted On 19 Mar 2019
Technical analysis for Gold for March 18, 2019
Gold price is trading around important pivot level of $1,300. As long as price is above it there are many chances we see another run higher...
Posted On 18 Mar 2019
Technical analysis for Gold for March 13, 2019
Gold price has moved above $1,300 after pulling back towards $1,290 as expected. Our next target was at $1,310 and as long as price remains...
Posted On 13 Mar 2019
Gold Holds Near One-week High
Gold prices eased slightly on Monday after climbing 1 percent on Friday following data that showed U.S. employment growth almost stalled in...
Posted On 11 Mar 2019
Analysis of Gold for March 08, 2019
GBP/USD has been trading upwards as we expected. Trading range is broken and the buyers are in control. As we mentioned yesterday, key resistance...
Posted On 08 Mar 2019
Technical analysis for Gold for March 7, 2019
Gold price has not bounced as high as we expected and this sideways consolidations opens up the scenario for a new lower low before a bigger...
Posted On 07 Mar 2019
Technical analysis for Gold for March 6, 2019
Gold price is showing reversal signs. As I explained in our last analysis, Gold price is most probably going to bounce towards the $1,300 level....
Posted On 06 Mar 2019
Technical analysis for Gold for March 4, 2019
Gold price has made a strong reversal from $1,340 area as expected. Gold price has pulled back right at the lower channel boundary and 38%...
Posted On 04 Mar 2019
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Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
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