News and Technical Analysis for Gold and Silver
Important resistance for Spot Gold is $1978 and $1996
August 31, 2020
Uptrend in Spot gold may continue. The metal about to break a resistance at $1,978 per ounce and may travel to the next resistance at $1,996. ..
Next Target for Spot Gold can be $2200 per ounce
August 18, 2020
Effect of Covid-19 pushing spot gold towards $2200 per ounce. Vaccine of Covid-19 is still in pipeline. World economy yet to perform normally, it may take another 4 to..
Spot Gold may cross 9-year-old high mark of $1920
July 23, 2020
Spot gold moving towards next resistance at $1880 per ounce. It may cross highest ever 9-year-old mark of $1920. The metal is riding on upward wave from $1704 and..
Spot gold is ready to cross $1800 per ounce mark
July 06, 2020
Spot gold trading at around $1775 and is likely to break resistance at $1778. The resistance is identified as the 100% projection level of an upward third movement from..
Spot gold may go beyond $1778
June 29, 2020
Spot gold is ready to break resistance at $1778 per ounce and may reach to $1789. Post covid lockdown economy is still not good enough to bring gold down..
Spot gold may touch 1764 again
June 02, 2020
Spot gold may break resistance at 1743 per ounce and go higher towards May 18 high of $1764. Long lock down worldwide, due to Corona Virus, gives..
Corona Virus may take gold above $1689
March 06, 2020
Spot gold peaked at $1681 per ounce today. Outbreak of corona virus pushing gold towards $1689, 24 Feb 2020 high. Although $1683 is a strong resistance, but most likely..
Spot gold may visit $1615
February 25, 2020
Spot gold trading near support at $1639 per ounce. Gold may fall to next support level at $1614. The support at $1639 is identified as the 200% projection level..
Resistance at $1564 and support at $1553
January 20, 2020
Spot gold may touch resistance at $1564 per ounce. Gold able to stay above at Jan 16, 2020 high of $1557.90. This suggest extension of bounce from $1535.60 level...
Gold may touch $1711 if break above $1614
January 08, 2020
Gold may touch $1711 if break above $1614 Iran attacks bases housing US troops, pushing gold to new height. Despite US President twitte "All is well", tension..
Spot gold now may cross $1600 per ounce
January 06, 2020
Spot gold may visit new upper range of $1595 -$1615 per ounce. Trend suggesting a new hight for gold up to $1710, the 238% of an uptrend from $1266,..
Gold may rise to $1568 as it already break $1442
January 03, 2020
Spot gold trading near resistance $1442. Technically, a rise to $1544 may confirm rise towards $1568. Resistance at $1542 is identified as 86.4% retracement from $1557 to..
The Best year for gold in almost a decade
January 01, 2020
Gold gains about $250 in 2019 and more than $50 in last month of the year. Spot gold rose to the highest level since end-September at $1525. ..
Spot gold may test a resistance at $1,531
December 31, 2019
Spot gold may test a resistance at $1,531 per ounce. It could lead to a gain to $1,542, if crossed $1531. The resistance is identified as the..
Spot gold at its highest point in one and a half month, due to soft US data
December 24, 2019
International spot gold price hit 1-1/2 months peak on soft economic data out of the US. Interim US-China trade deal give support to gold, a safe haven bullion. Gold..
Spot gold move up as US Parliament voted to impeach Donald Trump
December 19, 2019
Gold price was up by 0.2% at $1477.80 per ounce after the US House of Representatives voted to impeach US President Donald Trump. Donald Trump became the third US..
Spot gold resuming downtrend towards $1440
December 13, 2019
Bounce from November 12 low of $1445 seems over, now spot gold expected to test support at $1455 per ounce, a break below may lead movement towards $1440. ..
Next resistance at $1478
December 12, 2019
Spot gold trading near resistance at $1478 per ounce, a break could rise to $1492. Falling trendline suggests this bounce may end around $1492, the 23.6% projection..
UK election is due on 12 December
December 11, 2019
High volatility expected during UK election voting on 12 December and at the time of result announcement. Currently spot gold trading at $1465.45 per ounce. Signals are..
Resistance $1466 still intact
December 10, 2019
Spot gold trading near to resistance $1466 per ounce. Support is at $1455, a break below may lead gold to touch $1440. November 12 bounce from $1445..
Gold likely to test $1455 support
December 09, 2019
Spot gold may test support at $1455 per ounce, a break below could cause fall up to $1440 or $1417. $1455 support is 61.8% projection level of..
Support of spot gold is at $1471
December 06, 2019
$1471 per ounce is support for spot gold, break below may cause fall towards $1455, as suggested by wave pattern and Fibonacci projection analysis. Gold facing resistance..
Spot gold may fall to $1455 if break below support $1471
December 05, 2019
$1471 is a support for spot gold, a break below could cause fall to $1455. Level of $1480 of an upward wave from $1450.30 has completed. This..
Next resistance at $1492
December 04, 2019
Spot gold may rise to $1492 per ounce, a next resistance. Gold already cleared resistance at $1478, which is 38.2% projection level of a downward wave from..
Spot Gold may visit $1440 if fall below support $1455
December 02, 2019
Supoort for spot gold is at $1455 per ounce. Gold may test this support, a break below which could cause a fall to $1440. The bounce from..