Spot Gold $1742 To $1689 Full Target Done, Profit 53 Pips Enjoy 🤩, Gold is 1.1% lower this morning following better-than-expected U.S. economic data releases. Financial markets remain in risk-on mode.
comex gold analysis
Spot Gold Below $1703 Downside Target $1690—$1682 – Don’t Panic @ Lower Level
Spot Gold Below $1703 Downside Target $1690—$1682 – Don’t Panic @ Lower Level
Gold could reach $2,000 this year
An inverse head and shoulders pattern forms when an asset makes a low, a lower low, and a higher low – it implies a bottoming and change in trend direction.
Spot Gold Investor Near $1512 Following Christmas Rally
The XAU/USD pair rose sharply ahead of the Christmas holiday and extended its rally two days later when investors returned on Thursday. After touching its highest level since early November at $1514 on Friday, however, the pair lost its momentum and was last seen trading flat on the day near $1513.
Gold Investors Raised Their Long Positions by 8%
Investors raised their long positions by 8%, while shorts were cut by 12%. In turn, gold prices have remained firm, rising above the December 4th and December 12th highs, despite a plethora of factors which would typically weigh on the precious metal, including equity markets rising to fresh record highs and progress in the US-China trade war talks.
Gold Prices Slip ₹520; Silver Rate Down ₹425
Gold prices on Thursday slumped by ₹520 to ₹31,250 per 10 gram at the bullion market tips here due to weak demand from jewellers amid weak global cues, according to the All India Sarafa Association.
Commodity Gold Market: Gold prices is Focused on What Equity Markets are Doing
Gold Silver Reports (GSR) – Gold is more focused on what equity markets are doing and if equities continue higher gold will trade lower despite a weaker dollar.