Tuesday 28th March 2023: Technical Outlook and Review
Gold Maintains Bullish Momentum, Could See Continuation Towards Resistance Levels Gold's overall momentum remains bullish, as the precious metal continues to trade above key support levels. Currently, gold is trading at around $1965.00 against the US dollar.
Monday 27th March 2023: Oil and Gold Prices Slip as Asian Markets Trade Cautiously
Global Markets: News & Data: Markets Update: Asian markets ended mixed […]
Monday 27th March 2023: Technical Outlook and Review
The XAU/USD chart is currently showing bearish momentum, with potential for a continuation towards the first support level at 1948, which is an overlap support level. If prices were to drop further, they could reach the second support level at 1881, which is also an overlap support level and coincides with the 61.80% Fibonacci retracement level.
Friday 24th March 2023: Banking woes weigh on Asian stocks, bonds see relief rally
Global Markets: News & Data: Markets Update: Asian shares were lower […]
Friday 24th March 2023: Technical Outlook and Review
The XAU/USD chart is currently showing a bearish momentum. Price could potentially make a bearish reaction off the first resistance level at 2007 and drop towards the first support level at 1957. This support level is an overlap support and has held prices up in the past.
Thursday 23rd March 2023: Fed Hike and Yellen’s Comments on Deposit Insurance Trigger Sell-off in Asian Markets
Global Markets: News & Data: Markets Update: Asian markets skidded on […]
Thursday 23rd March 2023: Technical Outlook and Review
The XAU/USD chart shows a bullish momentum, and price could potentially continue to rise towards the 1st resistance level at 2007.00, which is a swing high resistance level. The 1st support level at 1957.00 is a strong overlap support level, which could provide a bounce if price were to drop.
Wednesday 22nd March 2023: Higher interest rates loom as Asian stocks rally
Global Markets: News & Data: Markets Update: Asian stocks rose on […]
Wednesday 22nd March 2023: Technical Outlook and Review
Gold could potentially make a bullish bounce off the first support level at $1933 and head towards the first resistance level at $1957. The $1933 level is an overlap support, coinciding with the 38.20% Fibonacci retracement, which could act as a strong support level.
