Introduction There is bearish divergence playing out on the daily chart for Gold futures. The daily candle we see forming today (7 June) is a big red one as buyers become exhausted. Is gold’s run coming to an end? The chart provided is of Gold Futures (COMEX), with several technical indicators and patterns that can Read More…
Gold prices retreated on Tuesday from the previous session’s highs as investors digested downbeat US data. Notably, there is more rate-cut optimism in the markets after last week’s US inflation data, which is keeping gold elevated. The move on Tuesday came about as investors took profits after the previous session’s gains. On Monday, gold rose Read More…
Key Updates For Gold Futures Current Prices and Trends: Gold futures are currently trading around $2,364.75 per ounce. The market has experienced some volatility, with prices ranging between $2,358.30 and $2,369.00 in recent trading sessions (Investing.com). Market Sentiment: Analysts note a bearish sentiment in the near term, with key support levels under threat. This outlook Read More…
Introduction In our previous analysis on ES, we noted that the bulls were struggling to push price above the recent high and resistance zone at $5333. Now that a week has passed, the bears have stepped in and there is a red engulfing candle forming on the weekly chart that could close as a evening Read More…
Gold prices rose by 1% on Monday after reaching a two-week low in the previous session. The rally came amid a pullback in the dollar and Treasury yields as investors geared up for more clues about Federal Reserve rate cuts. However, the general trend remained down, with prices well below recent highs due to a Read More…
1. Gold Price Over Time This chart shows the historical trend of gold prices from 2000 to 2023. Over this period, the price of gold has seen a significant rally, with a notable rise around 2010, peaking at over $1,800 per ounce in 2011. This increase was driven by economic uncertainty and financial crises. After Read More…
