Monday 10th April 2023: Technical Outlook and Review
Gold prices have been experiencing a bullish trend, with the overall momentum of the chart showing a strong uptrend. While there may be some short-term fluctuations, it is likely that the price will continue its upward trajectory.
Thursday 06th April 2023 Technical Outlook and Review
Looking at the chart, it is possible that price may make a bearish reaction off the 1st resistance level and drop towards the 1st support level at 101.52. This level is a pullback support, which has been significant in the past and could potentially provide a strong support level.
Wednesday 05th April 2023: New Zealand Surprises with Aggressive Rate Hike; Asia Markets Mixed
Global Markets: News & Data: Markets Update: Asian markets were mixed […]
Wednesday 05th April 2023: Technical Outlook and Review
Gold has been showing strong bullish momentum with potential for a bullish break through of the 1st resistance level and rise towards the 2nd resistance level. The overall bias is bullish, with price above an ascending trend line indicating further bullish momentum is on the cards.
Tuesday 04th April 2023: Oil surge lifts energy stocks but weighs on tech sector in Asia
Global Markets: News & Data: Markets Update: Asian markets were mixed, […]
Tuesday 04th April 2023: Technical Outlook and Review
Gold has been facing bearish momentum on the chart against the US Dollar, as reflected by the multi-swing high resistance at 1789.00. The overall bias is bearish, and the precious metal could continue to fall towards the first support at 1945.00.
Monday 3rd April 2023: OPEC+ shocks markets with output cut; Asian stocks mixed
Global Markets: News & Data: Markets Update: Asian markets were mixed […]
Monday 3rd April 2023: Technical Outlook and Review
Gold (XAU/USD) has been on a bullish trend, with the overall momentum of the chart being bullish. Looking at the chart, the price could potentially make a bullish bounce off the first support and head towards the first resistance.
Friday 31th March 2023: Technical Outlook and Review
XAU/USD sees bearish momentum with potential for a bearish reaction off the 1st resistance and a drop towards the 1st support. The 1st support level is at 1936.00, which is an overlap support and coincides with a 38.20% Fibonacci retracement. If price were to break below this level, it could drop towards the 2nd support at 1910.00, which is also an overlap support and lines up with a 50% Fibonacci retracement.
