A combination of peace and stronger dollar saw Gold with a big sell-off Tuesday closing just above the days lows. While inflation pressures elsewhere proved to be a boon for the US dollar we note that Gold is actually the traditional asset used to hedge against rising prices. As such we could see the yellow…
After seeing a big sell-off Monday the past week, Gold was mostly in a range play crisscrossing its previous accelerated trend-line from February 28. This as geopolitical tensions in the middle east has come-off with Iran’s decision not to retaliate directly against Israel. That said a looming ground attack by Israel on Rafa in southern…
We are seeing a follow through to the break of the symmetric triangle in Gold from the past weeks consolidation as tensions in the middle east continue to ease. Speaking on the Israeli retaliatory attacks Friday, Iran’s Foreign Minister has indicated that there are no plans to respond with market taking this as catalyst enough…
Gold spent the previous week consolidating under the historic highs with Friday’s attempt at a rally failing to get near 2411.45 for a long wick at the close. At this point it appears much of the global tensions have already been priced in by the market and unlikely to fuel further safe haven plays short…
Gold’s rally since February has largely been fueled by a combination of safe haven plays and talk of Central Bank demand as inflation expectations pointed to an upcoming easing. Two months later we see the yellow metal at historic highs though unable to hold Friday’s pop higher for a long wick in daily charts. Resistance…