Market Forecast: Gold bulls look for momentum to breach 1900
The Gold bullish trend is back to full effect as the treasury yield and dollar look downbeat following Friday’s NFP miss. How high could the yellow metal go this week? After a fast collapse that was just shy of the 1850 psychological level, Gold resumed the long-term bullish trend as it rallied nearly 400 pips […]
Gold Technical Forecast – Is the bearish phase really out of the picture?
Gold fell sharply on Monday toward the 1845-1850 support zone. Technically, can we say the bullish push from 1760 has signaled the end of the bearish phase? Gold is an interesting asset. Many times, it exhibits a safe-haven nature just like we saw when the pandemic was strong in the first half of the year. […]
Gold bearish onslaught – how much lower should we expect?
Gold has fallen over 11% since August as the world fights back against the ravaging virus. With yesterday’s break below 1845, the yellow metal is set to plunge further. The recent vaccine development is taking attention away from Gold as a safe-haven instrument. Investors are confident that the pandemic virus will be maintained and economies […]