Tag: Gold

• Gold reversed from resistance level 1826.71 • Likely to fall to support level 1800.00 Gold recently reversed down from the pivotal resistance level 1826.71, intersecting with the daily upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward correction (ii) from November. The downward reversal from the resistance level 1826.71 stopped the […]

Gold prices rose in trading on Tuesday, to recover from the worst selling in the yellow metal in 6 weeks, driven by bets that the Federal Reserve will raise interest rates earlier than expected. The rise in the yellow metal prices came after a significant rise in US bond yields, which led to the worst […]

 Gold was up in Asia on Wednesday morning, adding to its gains from the previous session. Gold futures were up 0.22% to $1,726 by 12:16 PM ET (5:16 AM GMT). They gained 0.10% during the previous session. The anticipation from a U.S. Federal Reserve meeting scheduled for later in the day. This has boosted investors’ confidence as well as this has increased confidence level as asian stocks gain and the dollar retreat. The […]