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Spot gold rose

Gold locked in tight range in Europe

Gold locked in tight range in Europe

AMSTERDAM/LONDON: Gold was subdued on Tuesday as some investors were wary about the possibility of the US Federal...
Published 16 Jun, 2021 03:39am
Spot gold may drop to $1,763
Markets

Spot gold may drop to $1,763

  • On the daily chart, a retracement analysis on the fall from $1,875.26 reveals a key resistance at $1,799, around which the rise lost its momentum.
Published 23 Apr, 2021 11:31am
Spot gold may fall towards $1,726
Markets

Spot gold may fall towards $1,726

  • Resistance is at $1,783, a break above which could lead to a gain to $1,801. On the daily chart, gold is retesting a support at $1,769, the 61.8% projection level of a downward wave C from $1,959.01.
Published 26 Feb, 2021 09:54am
Spot gold may rise into $1,853-$1,875 range
Markets

Spot gold may rise into $1,853-$1,875 range

  • A break below $1,827.93, however, will indicate a resumption of the downtrend towards $1,783. On the daily chart, gold could be consolidating within a big flat that developed from $1,764.29.
Published 09 Feb, 2021 10:51am
Gold gains 1% as Trump signs stimulus bill
Markets

Gold gains 1% as Trump signs stimulus bill

  • Britain on Monday urged businesses to prepare for Brexit, after the country clinched a trade deal with the European Union on Thursday that preserved zero-tariff and zero-quota access to the bloc's single market.
Published 28 Dec, 2020 09:50am
Spot gold may test resistance at $1,888
Markets

Spot gold may test resistance at $1,888

  • The metal managed to stabilize around a support at $1,862, the 38.2% projection level of an upward wave c from $1,862. This wave may have completed around $1,904.
Published 24 Dec, 2020 10:04am