GOLD TODAY
GOLD TODAY
GOLD TODAY
GOLD TODAY
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Official account for gold-related news, analysis and discussions.
  • Gold Price Analysis: XAU/USD consolidating at four-month lows near $1,800
  • Where Did You Gold? Possible Soar of $20 in Gold Price
  • Where Did You Gold? Possible Soar to Another $30 in Gold Price

Gold Price Analysis: Bears noting old support for a discount

The price of gold has broken into bearish territory below a 38.2% Fibonacci retracement. Bears will seek a discount on a pullback to retest old support, expected to turn resistance. In the recent good news in markets, the price of the yellow metal has come under renewed pressure. The yellow metal ha

Gold Price Analysis: XAU/USD turns lower from 5-day SMA even as S&P 500 futures drop

Gold faces rejection at the descending 5-day SMA hurdle. Risk sentiment sours amid vaccine doubts but fails to boost the yellow metal. Gold is struggling to draw bids despite the losses in the US stock futures and doubts about a coronavirus vaccine. The yellow metal is currently trading largely unch

Gold Price Analysis: XAU/USD consolidating at four-month lows near $1,800

XAU/USD remains flat above $1,800 after a $70 decline on the week. Gold's upside attempt remain capped at $1,815. Bullion is hovering above important support at $1,795. Gold futures have remained practically flat between $1,800 and $1,810 for the second consecutive day on a thin market session amid

Where Did You Gold? Possible Soar of $20 in Gold Price

Kuala Lumpur 10:10 a.m. (GMT +8) - In the early Asian market, gold price rise moderately, gold price is now reported near $1813 per ounce. Economies.com wrote an article to analyse the gold price movement today as follows: The gold price rose slightly on Thursday, and the surge in new cases of

Where Did You Gold? Gold Supported at 1800 but Bears are Still in Charge

Gold remains bearish despite support at 1800. Sellers are waiting at the POC zone. A retracement towards 78.6-88.6 zone is good for sellers. We can also see an order block in addition to strong retracement zone. If we see a retracement towards 1825-30 watch for a renewed wave of selling towards

Golden Scout - Gold Rises on Poor U.S. Job Numbers, Rising COVID-19 Cases

Gold was up on Thursday morning in Asia, as investors looked to the save-haven asset on the back of weak U.S. jobs data, rising COVID-19 numbers, and as a hedge against a fall in stocks. Gold futures edged up 0.19% at $1,809 by 1:03 a.m. (ET). After recent falls on the back of promising COVID-1

Gold Price Analysis: XAU/USD licks wounds above $1,800 as market optimism fades

Gold extends corrective recovery from 4.5-month low. Virus updates, trade/political news probe US stimulus hopes. Thanksgiving Day can challenge the momentum traders amid a light calendar elsewhere. Gold prices probe intraday high near $1,812, up 0.30% on a day, during the early Thursday. In doing s

Gold: Upside bias still persist amid supportive fundamentals – Credit Suisse

Despite the latest downslide in gold to four-month lows of $1800, analysts at Credit Suisse still see the metal on the higher, as the fundamentals remain supportive. Key quotes “The decline in prices is mere 'bump in the road'.” “The factors that supported the rise in price remain in place: monetary

Where Did You Gold? Possible Soar to Another $30 in Gold Price

Kuala Lumpur 10:59 a.m. (GMT +8) - In the early Asian market, Gold price rose slightly and is now reported to be near $1,810 per ounce. Economies.com wrote an article to analyse the gold price movement today as follows: Gold prices rose on Wednesday due to unexpected increases in the number of

Golden Scout - Gold Moves Down as Risk Gains Traction

Gold was down on Wednesday morning in Asia as investor risk appetite grows on vaccine hopes and turning away from safe-haven assets. Gold futures edged down 0.17% at $1,801.55 by 12:35 a.m. (ET). Gold has continued down as stocks boom, with global stocks reaching a record high, the U.S. Do

Gold Price Analysis: XAU/USD’s dead cat bounce could threaten robust $1818 cap – Confluence Detector

Gold has paused its two-day sell-off on Wednesday, although the risks remain skewed to the downside heading into the economic data dump slated for release from the US docket. Investors sold-off the safe-haven gold alongside the US dollar amid a risk-on market profile, driven by coronavirus vaccine p

Gold Price Analysis: XAU/USD refreshes four-month low below $1,830 on market optimism

Gold prices stay depressed after dropping to the fresh low since July 21. Market sentiment bolsters on formal transition powers to US President-elect Joe Biden. Odds of ex-Fed Chair Yellen’s Treasury Secretary role and vaccine hope are extra positives. Gold drops to the fresh multi-month low of $1,8

Where Did You Gold? Possible Soar of $30 in Gold Price

Kuala Lumpur 03:10 p.m. (GMT +8) - In the early Asian market, gold price maintaining the downward trend, the price of gold is now reported near US$1826.50 per ounce. Economies.com wrote an article to analyse the gold price movement today as follows: the gold price fell below $1,690.90 per ounce yest

Golden Scout - Gold Down on Vaccine Anticipation

Gold was down on Tuesday morning in Asia as more vaccine good news arrives and U.S. business activity rises at the quickest rate in five years. The U.S. dollar and risk-on activity are drawing investor interest away from the safe-haven metal. Gold futures were down 0.90% at $1,821.25 by 12:56 a

Golden Scout - Gold Drops to Four-Month Low on Vaccine News, Biden Transition

Gold dropped to the lowest level in four months amid optimism over Covid-19 vaccine developments and the triggering of a formal transition process to President-elect Joe Biden. The General Services Administration acknowledged Biden as the apparent winner of the presidential election on Monday, follo

Pull-up Update