Gold Price up 0.18%

Gold traded to a high of $1902.93 today, a gain of 0.18%. However, how will it hold up  at these levels. $1,897 representing a key level of support. A failure to come bounce back from here could see the yellow metal take another tumble to September lows of $1,848. With little to no news to […]

RBA leaves rates on hold. Gold surges to 2 week high.

Nothing can stop the free-fall we are seeing in the dollar. Across all major pairs we see the dollar suffering and this is true in the gold price too. Gold bulls are running the streets of Wall St after a sluggish week saw the yellow metal fall below are critical level of $1977. Now we […]

Is Gold Loosing Its Shine?

It hasn’t been a good start to the week for the yellow metal with the downslide continuing for a second day. Closing Monday at around $1,923 the bulls picked  up some stock it has struggled to make any significant move to the upside. The range maintains between $1,924 and $1,934.   Continued weakness could see […]

Gold in free-fall

Market Insight

The strong dollar recovery has contributed to the nosedive that gold is taking. with America’s COVID situation and the little to no progress in the fiscal talks have also lead to gold free falling without a shoot. The run up was spectacular and the trend showed it would remain. But The bears came out of […]

Move out of the way! Here comes the dollar

After weeks of negative results, like bears to honey you saw them flurry. But you can’t keep a strong bull down. After positive NFP results we have seen the dollar strengthening against its major counterparts. But why the continued trend? A stall in the next fiscal package meaning lower US fiscal spending bring in a […]

July NFP 2020 Better than expected or was it?

I hope you all held on to your hats as the storm that was Non Farm Payroll (NFP) swept through the town. Despite  the coronavirus, July NFP figures show that the economy continues to add jobs. NFP came in better than expected at 1.76 million new jobs after economist predicted 1.6 million new jobs. June […]

No slowing down for Gold

I know it may seem like gold is all I am talking about at the moment but that’s because it is. I mean with gold hitting record highs after record highs what else is there to talk about. The Bulls are definitely popping open the Champaign as they celebrate a new all time high of […]

8 weeks and counting. Gold is on fire

Just when you though it couldn’t go any hire the bulls line the street and take charge picking up everything around the $2000 mark. Already on an 8 week rally, bullish traders take bids near $2020. Once again proving to be the safe haven for traders and investors alike, the yellow metal has risen more […]

Gold Holding Near All Time High

MARKET INSIGHTS

After strong rallies and hitting levels never seen before, gold hold steady around $1940-$1945. Not much has changed since our last update. The US and China tension and the increase in COVID-19 cases has given the precious metal a cushion to lay on. Key Technical levels For the Bears A look at the previous high […]