Technical Analysis on Gold

Technical Analysis: DXY & Gold update – Continue weakness in the dollar firms the bullish sentiment of Gold

TA Cover 170820

Posted on 17 Aug, 2020, Monday

Gold has snapped out of its 2-month winning streak and it has traded below US$2,000 per ounce.

Technical Analysis: DXY & Gold update – Low interest rate environment set the tune for the precious metal

Figure 5 Gold daily chart – potential upside in play

Posted on 27 Jul, 2020, Monday

With dollar weakening, safe haven asset such as Gold will continue to maintain its bullish outlook.

Technical Analysis: DXY & Gold update – Fed’s potential rate cut and Q.E expectation send dollar lower

Figure 1 Dollar Index – Elliott sub-wave correction in place, with price falling towards support zone

Posted on 20 Jul, 2020, Monday

The U.S market dollar index (DXY) fell for the fourth straight weeks as the COVID-19 is still the key subject to market’s weakness.

Technical Pulse: Gold

Technical analysis Gold - 12Mar

Posted on 12 Mar, 2020, Thursday

Gold has had a strong bullish start in 2020 by breaking the 1600 high point in the past decade.

Market Bites - Gold Breaks 7-Year High

Posted on 21 Jan, 2020, Friday

Gold rallied to US$1,550/oz, where it consolidated for a month till Dec 2019 before attaining the US$1,620 levels in mid Jan 2020.

Technical Analysis: Dollar Index and Gold

Posted on 13 Jan, 2020, Monday

Gold had a strong move at the start of 2020 but last week’s closing dampens the bullish sentiment.

Technical Analysis: Gold

Posted on 16 Dec, 2019, Monday

The precious metal has been on a strong bullish trend in 2019 after a prolonged ranging period from Q4 2015 to Q2 2019.

Technical Pulse: Gold Spot

Technical Pulse Gold CFD

Posted on 04 Nov, 2019, Monday

Based on our technical analysis, the long term trend for gold is still bullish. However, it may enter into a short correction in the near term.