comex gold stock Archives

Spot gold Prices Have Been on The Front Foot in Recent Trade

Last Updated On December 13, 2020 5:57 AM by Neal Bhai

Spot gold prices have been on the front foot in recent trade, with a boost coming at 13:30GMT in the form of slightly softer than expected US Consumer Price Inflation numbers. Spot gold popped above the $1840 level and Wednesday Asia session highs at $1842, but has so far failed to break above $1850. As things stand, the precious metal trades with gains of close to $8 or 0.5% on the day.

Gold Extends Drop on Vaccine, Signs of Improving U.S. Economy

Last Updated On November 24, 2020 12:54 PM by Neal Bhai

Gold fell to a four-month low as growing optimism over a coronavirus vaccine and signs of a increasing momentum in U.S. economic growth stifled demand for the metal as a haven.

GOLD TECHNICAL ANALYSIS : Gold Support Zone $1840—$1838, Below Target $1810 ——$1780 – Neal Bhai Reports

Last Updated On November 19, 2020 2:22 PM by Neal Bhai

GOLD TECHNICAL ANALYSIS : Gold prices are under down trend now-familiar range support in the 1840-$1838 Level. Breaking below this barrier on a daily closing basis looks likely to open the door for target $1810/oz figure to challenge former resistance in the $1780 zone. Alternatively, an upswing past the $1910 inflection region probably targets the swing top @ $1958.

For Nine years the $1,920 level loomed large for Gold prices, As this was the prior All-Time-High set in 2011

Last Updated On October 15, 2020 7:14 PM by Neal Bhai

It’s now been a couple of months that the bullish trend in Gold has been on pause; and this comes after an aggressive topside trend had taken-over this summer. After digesting over a two-month pattern from mid-April into mid-June, bulls took over to build a rally that drove for much of the next two months.