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.
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Gold prices had coiled into a falling wedge pattern but a failed break has muddied the outlook
Gold prices looked primed for a topside break out last week as it coiled into a falling wedge formation. The pattern was marked by a descending trendline to the topside, derived from the August high, and a trendline on the lower end around the $1,850 mark.
Gold prices gain as focus returns to pandemic, U.S. election
Gold prices firmed on Wednesday as uncertainties over a global economic recovery and the U.S. presidential election prompted investors to exploit a sharp pullback in the previous session to buy bullion.
Gold lingers below $1,900 as dollar holds firm – Neal Bhai
Gold prices lingered below the key $1,900/ounce psychological level on Wednesday as lack of an agreement on additional U.S. fiscal stimulus helped the dollar stay firm.
Gold Forecast – How Gold Prices Could Exceed $10,000
As the next 6-month low in gold approaches, I wanted to share some thoughts on where I believe the bull market in gold is headed. Any dip from here is considered a long-term buying opportunity.
Gold Spot Tips Today – Below $1912 Target $1864——$1834——$1815——$1780
Gold Spot Tips Today – Below $1912 Target $1864——$1834——$1815——$1780
GOLD PRICE TRADES BELOW 50-DAY SMA FOR FIRST TIME SINCE JUNE
GOLD FUNDAMENTAL OUTLOOK, INFLATION EXPECTATIONS, FEDERAL RESERVE, US DOLLAR
GOLD FUNDAMENTAL OUTLOOK – The fundamental environment nurturing gold’s surge to fresh record highs has shown little signs of abating, despite a noticeable stabilization of the Federal Reserve’s balance sheet in recent weeks and the inability of US policymakers to deliver an additional round of much needed fiscal stimulus, as the upcoming FOMC meeting shifts into focus.
Gold Price Prediction – Prices Rise and Recapture Resistance as the Dollar Slides
Gold price rose on Monday the dollar moved lower. Prices were finally able to capture resistance which now supports near the 10-day moving average at 1,949. Target support is seen near the 50-day moving average at 1,889.
Spot Gold Melt Like ICE – $1960 To $1911.24 – Neal Bhai
Spot gold eased on Friday as the dollar edged higher, denting bullion’s appeal and setting it on track for a second weekly decline, while lingering concerns over the path to recovery from the coronavirus limited losses.
Spot Gold Set for Worst Week Since March, Pressured by High Yields – GSR
Spot gold dipped 0.3% to $1,946.56 per ounce by 10:53 am EDT (1453 GMT) and U.S. gold futures fell 0.8% to $1,953.80.