XAUUSD is facing the resistance of the upper trend line (now at around 1343.00) of the triangle pattern on its weekly chart once again. Being contained by the trend line, the gold price pulled back from 1344.65....
Gold closed above $1,300 per ounce for the first time in 5 years as the U.S. dollar saw it’s worst decline over the past 14 years. Despite a strong start in 2017, XAUUSD spent most of the year in a sideways...
XAUUSD moved within a bearish price channel on its 4-hour chart, indicating that the price remains in the downtrend from 1305.98. Near term resistance is at the top of the channel now at around 1278.50. As long...
Short term Gold Elliott Wave view suggests that the rally from 10/06 low (1260.52) to 10/16 peak (1306.35) ended intermediate wave (X) then the decline from there is unfolding as a a double three Elliott wave structure. As the...
The Dow Jones Commodity Index is a broad measure of the commodity futures market that emphasizes diversification and liquidity through a equal-weighted approach. It doesn’t allow any sector to make up more than 33% of its portfolio...
XAUUSD stays below a bearish trend line now at around 1291.35 on its 4-hour chart and remains in the downtrend from 1357.45. As long as the price is below the trend line, the downtrend could be expected...
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XAUUSD failed to break above the descending trend line from 1357.45 to 1334.29 on its 4-hour chart and extended its downside movement to as low as 1293.25. On the daily chart, the XAUUSD pair moved below a...
XAUUSD stays below a bearish trend line on its 4-hour chart and remains in the short term downtrend from 1357.45. As long as the price is below the trend line, the downside movement could be expected to...
Gold has tested $1300 level 3 times since April and it finally broke above the level on Monday and rose to the highest level this year. The trigger of the break seems to be the North Korea...
