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GOLD overview 29.07.2021

Gold rises as rate hike ruled out. Gold under the strong bullish pressure today after U.S. Federal Reserve Chairman Jerome Powell reassured investors that a rate hike is not on the cards anytime soon, sending the dollar to multi-week lows. Powell said the U.S. job market still had “some ground to cover” before it will […]

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Analysis Technical analysis

GOLD 23.07.2021

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 1800.10-1795.60 and it is going to the target zone №2 1845.10-1840.60. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1784.14-1779.64. In case of the […]

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Analysis Technical analysis

GOLD 15.07.2021

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 1800.10-1795.60 and it is going to the target zone №2 1845.10-1840.60. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1784.14-1779.64. In case of the […]

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GOLD overview 14.07.2021

Gold rises on inflation fears. Gold under the bullish pressure today after strong U.S. inflation numbers increased the Gold appeal as an inflation hedge. The gains are still kept in check ahead of Federal Reserve Chair Jerome Powell’s testimony as early tapering bets rise. The biggest rise in U.S. consumer prices in 13 years has […]

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GOLD overview 12.07.2021

Gold dips on stronger dollar. Gold under the bearish pressure today as a stronger dollar made gold more expensive for holders of other currencies and investors awaited U.S. inflation data and Federal Reserve Chairman Jerome Powell’s testimony this week. Gold market lost momentum after the U.S. Federal Reserve adopted a more hawkish stance, raising prospects […]

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GOLD overview 07.07.2021

Gold rises on falling bond yields. Gold continues to rise for the 6th day, driven up by the drop in U.S. Treasury yields ahead of minutes from the Federal Reserve’s earlier meeting that could provide more clues on the policy stance. With the key driver for gold being the decline in U.S. Treasury yields the […]

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Analysis Technical analysis

GOLD 07.07.2021

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 1777.75-1773.25 and it has a potential to reach the target zone №2 1732.75-1728.25. The best prices to try to have a short position are the control resistance zone 1800.10-1795.60. In case of the price is fixed upper the control […]

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Analysis Market overview

GOLD overview 01.07.2021

Gold rises on safe-haven inflows. Gold under the bullish pressure today on safe-haven appeal as markets are starting to focus more on the spread of the Delta variant of the Covid019 virus, which has been practically absent from markets radar over the last few weeks – due to the positive effects of the mass vaccination […]

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Analysis Technical analysis

GOLD 30.06.2021

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 1777.75-1773.25 and it has a potential to reach the target zone №2 1732.75-1728.25. The best prices to try to have a short position are the control resistance zone 1800.10-1795.60. In case of the price is fixed upper the control […]

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Analysis Market overview

GOLD overview 25.06.2021

Gold rising on inflation concerns. Gold rising Friday as a preliminary deal on U.S. infrastructure spending added to dollar bearishness, while investors awaited inflation data. The spending plan should be positive for gold, as it has to be financed to a large extent with higher debt. Progress on the plan weighed on the dollar, making […]